Ann: Kurnalpi drilling returns further high-grade nickel-cobalt, page-41

Of course not - people forget the aim of this drill was not to determine whether there would be a mineable resource. The aim was to validate historicals but more importantly determine potential for sulphide. The historicals were associated with a lateralise resource potential but in essence these are nickel resources with cobalt credits. Hence the intercepts / grade combination were below the historicals and consistency was average if one was being generous.
However the key, and more importantly sulphide potential has been establishing. Now we have regions of the grey dam displaying sulphide strikes of low intercept and low grade. Considering we have 3.5 km of ultramafic rocks mapped out, there is potential now to establish targets to find both a significant laterit zone and more importantly the sulphide zone. It’s a promising announcement and all it needed was at least for the holes to validate historicals with the detection of nickel sulphide disseminate. However this needs more investigation and the company is low on funds. The illiquidity meant a move into the 3s. The 3-3.5 range is a strong area as many bought here from the last move post consolidation. The question is when the cr occurs and what catalysts in the st.