https://unauthorised investment advice/resources/obsessed-with-making-a-discovery-the-junior-explorer-that-doesnt-pay-its-board-in-the-hunt-for-australias-next-major-find/ Tier 1 mineral discoveries, the type that belong in the portfolios of Australia’s biggest miners, can create gigantic value for explorers and their shareholders. Like explorer Sirius, which rocketed into low orbit after making the Nova nickel discovery in WA’s Fraser Range in 2012. A $5,000 investment at Sirius’ pre-discovery price of 5c per share (100,000 shares) would’ve netted a $433,000 profit at its takeover price of $4.38 per share just three years later.
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