I think both sandfire and Sirius were at 5 cents pre discovery. Sirius opened 24.5 cents after a trading halt on discovery day and after being down to 19 cents on the same day , it powered home and the rest is history.
I remember sandfire going 5 cents , 11 cents, 22 cents 50 cents and then into dollars over a longer timeframe. This was during height of gfc so buyers were tentative. The key is that both stocks found high grade deposits of copper and nickel.
nim is ticking a few of the boxes except proven management.
1 - low shares on issue for 5 cent stock
2 - currently about to drill
3 - in the best mining location in Australia and the world
4 - has 80km of greenstone belt
5 - has found some mineralisation so there is the potential to find more
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