@coto ...."
I reckon @ozblue finally bought back in" .... and you would be wrong...
Nothing has changed except a bit of hype and build up to the next disappointment, but I suspect they will do a cap raise before getting to depth with the first hole.
Which of the other junior nickel explorers use seismic for target identification?? .. None in WA.
Not one of the bullish holders here noticed the change in language of the target between the prior announcement and the latest one, so here it is...
1/12/21 ..."
The geophysical signature recorded in the seismic survey for the new large target is the same as recorded for the massive nickel-copper sulphides intersected at shallow depths"
No-one bothered to notice that seismic line 1 didn't go over the top of Investigators. Investigators is a few hundred metres East of the seismic line. As
@SandyC stated the seismic only looks vertically down. (see location of seismic line in relation to Investigators pg 4, and notice the scale on map).
11/1/22 ... "
This large seismic target is modelled with a dip-extent of 450m and located down-dip from and within the same Cathedrals Belt structure that hosts extensive massive nickel-copper sulphides drilled at Investigators."
Ahh.. It's no longer modelled on the massive sulphides, but on the structure (IMHO means the ultramafic host).
So where does the SP go if hole 1 hits just more ultramafics but no massive sulphides?? Remember that every hit of massive sulphides has been when they were drilling EM conductors. They have not hit massive sulphides outside the EM targets, like in the last campaign where they drilled between EM conductors and came up with nothing.
I'm sure with the next duster that DHEM will show something promising to look forward to, just like every other campaign..
Wake me up when a director puts in a large sum of their own cash, as in buying on market, something they don't seem to be interested in doing when the stock is 'cheap'.
I hope you all enjoy the hype while it lasts, and hope your other stocks are doing well, and all the best for the new year...
