As numerous explorers are now showing over and over again, "eyes" have nothing to do with nickel. That's why the SP fell after Zanthus came up dry - the growing realisation amongst investors that this is the case.
They built "Eye" nearology expectations into the price before drilling. "Eye" nearology didn't work, so SP fell. The value of that prospect became way less.
A Rumble Fumble or a China Tumble, page-3
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