SCI had plenty of support for last capital raise, 200% oversubscribed and its placements. Given where SCI is at with progress at Copper Blow, raising funds towards Resource Measurement would be very positive in my opinion given clear targets ahead at Copper Blow. We are likely to be able to define better and better the size and quality of the deposit at Copper Blow as the year progresses. Clear funding ahead will be very supportive of recent price action especially if money is well spent on targetted drilling etc. and some monetary figures can start to be considered for valuing Copper Blow even at this relatively primary stage.
Technicaly SCI looks set to move well imo. 100 week now golden crossing 200 week moving average and the 50dma is close to crossing positively the 100dma. Both the 100dma and 200dma are both rising in tandem and the gap is widening with the 100dma moving higher at a quicker pace. This seems very positive.
JFI
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