I agree lenovo, smart move. I see NIM following a similar price...

I agree lenovo, smart move. I see NIM following a similar price trajectory to Victory Metals but in terms of a pure-gallium play NIM is light years ahead due to what they have in the ground. In terms of Ga Victory only have 26pm ga across Inferred and indicated categories, not really comparable though, their focus in heavy rare earths.

Do not be surprised to see significantly higher ga grades from phase-2 drilling which will be the biggest near-term catalyst. Initial holes have already been sent for assay. Following that, a significantly larger resource after phase-3 drilling is completed. They have barely drilled around their initial highest grade hole (which returned intervals of up to 495ppm ga). Many critics on here are mistakenly drawing upon only the initial exploration target (which contains very few holes in the high grade area and should be taken with a grain of salt, drilling largely focused on block 3 west, not east which is the high-grade area). Share price took a hit because of that.

The near-term catalysts are there and now so is the cash. They are drilling the high-grade area like swiss cheese with 13 holes in the initial phase and a similar number of holes in phase 3 once the data is analysed which is a smart strategy. Also no need to worry about any raises now going forward. Following the JORC resource definition and block 3 ga development, NIM will be unlocking high-grade copper potential through the multiple Masson-style deposits on their tenements which is where the real value lies.