G88 4.76% 1.0¢ golden mile resources ltd

Ann: Nickel Discovery Extends Over 3 Kilometres, page-141

  1. 10,386 Posts.
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    In reality this is at its infancy in exploration hence it it premature to declare this uneconomical or failed. The promising aspect is that there is nickel however the negative is is consistent high grade or lack of it. The extensions are important as it could uncover higher grade zones. Needless to say the sulphide is also the key.
    The key is let the sp settle and consolidate. Let it actually be boring for a period and then make a decision on further purchases. As we get closer to to the 40s and 50s the volume should decline as most of the buyers in the high30s onwards who have stop losses would have exited by then.
    1st step 58 support and consolidation. On the upside we are below ema20 and 65 gap support followed by 68/70
 
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