My take is that Ni is likely the hardest thing to find. They are using a scientific process and appear to be "triangulating" to the "hot spot". So may not be long now.
Do like them going for BOTH Ni and Au/Cu with two DD rigs and soon. Think Au/Cu may come before Ni.
Do recall MAD71. It was a few years ago but the big fella is there waiting!
RE MAD71 "The company has reported that hole MAD71, which was testing a major Samson electromagnetic (EM) anomaly, contains a 17-metre thick intersection containing multiple individual zones of massive, matrix, blebby, disseminated and stringer nickel sulphide mineralisation in a thicker zone of ultramafic from a down hole depth of only 37.5m, which contains over 10 cumulative metres of massive sulphides in five zones that SGQ reports averaged 5.5% nickel and 2.1% copper based on hand-held XRF readings. The MAD71 mineralisation seems to be less obviously recrystallised than the generally thinner zones of mineralisation in the other Cathedrals’ intersections but it is still in an approximately east-west striking channel structure that could be representative of a Raglan-style deposit" (emphasis added).
SGQ Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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