Some context is needed when quoting historic highs.
I first bought at 46c so know how ya feel.
There was I think around 60m - 80m SOI then (fact check) compared to 355m now. So MC hit about 50m compared to 30m now. With say 70m SOI it doesnt take much to turn the dial. Not common in my experience to get a discovery a year after IPO.
So a 50m MC now to equal the nickel would be 14c, which we exceeded on the gold plays.
Dilution is a killer.
PS - My guess is a spin out or JV for the nickel, and could come soon with increased interest in nickel for EVs etc. Pattos moving fast in all areas.
Ann: Diamond Drilling Underway at Mulga Bill, page-100
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