Some have asked what are good grades.
look at GAL Ann today, they have reported their best ever grade results at 1.58%
And they have a market cap of around $180 mill.
GAL went from 18 cents to over $2 and is now about 95 cents
Mark Creasy has been buying and he is a major shareholder of IGO and IGO and Mark Creasy together own 35.9% of GAL now.
So hole 2 reported a peak from hand held of over 4% so all it could take is results with a 1 in front and with a very small market cap and $3 mill EV if a decent buyer took a stake this could really move.
Shows from drilling so far has been very encouraging and there looks to be a lot more down there, with further drilling at Sherlock planned.
The shows from hole 5 were from 348 and 370 mt
If the results have a 1 in front of them I would think there might be outside interest in this one, if high 1's or a 2 then look out.
A decent buyer with deep pockets could change this on a dime.
Nickel price of late has been doing ok as well.
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