There may be 120 Mt but it is limonite which is only around 1%...

There may be 120 Mt but it is limonite which is only around 1% Nickel, the rest of it is a mix of iron oxide aluminium oxide and silicon oxide all worthless except the iron oxide fraction and maybe some magnesium.

I see no reason the drill results will effect share price, the market already knows there is a s!@#$t load of limonite /saprolite there.

What maybe market sensitive is if Regency and RMI combine on common infrastructure ie port and roading upgrades.

I dont hold to many higher grade limonite resources in the South pacific and closer to port (not Phillipines) and with better diving close by and can get the tenements cheaper in a partnership rather than through a Publicly listed company