Im not a holder in this but I do know a fair bit about the project as had meetings (three) with them regarding it last year thru my broker (not patersons).
The project has MASSIVE tonnage potential, with some possible high grade pods (Which would also be very big)
We were keen to go ahead, and wanted to IPO, but the nickel market (and commodities generally) took a turn for the worse, and we weren't really happy with their actual plan of attack re exploration for early IPO, so passed as it probably would not have been successful.
No idea if they have changed their approach to exploration for this project, but this is a significantly cheaper entry to the ASX than it would have been thru IPO so I'd be keener at this level, and then just bottom drawer it to see if they make it work.
SMI Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)