Y4. I do feel for you being down. I Read a post you placed around the spp. The company is okay for 12 months looking at the books. The poop will hit the fan after that if they don't get a jv or sell the resource.
It does make sense to spend and prove up a resource of 300k tonne ni minimum. That would be very bankable. Smaller resources with others companiew have 100m pre tax npv. If so that's 3x the present cap. I know your down more, but to an investor today that's pretty entertaining proposition of 300% versus the risk.
Im not a geo, but have prospected for 30yr plus and have been on many mine sites. You can see in the pictures the ni host rocks are abundant.
At the moment a company like Vale I would think would not want as not enough proven yet. That could change if 300k tonne and if Ni rises a lot.
They have Mt gibb in au. I sit and think why if this is so good to burn your cash in two places. They could possibly have this as a backup. Ie sell us asset and carry on there. Is only a hyperthetical. Mt gibb in itself does look promising when I looked at the geology.
As far as the chart is concerned they are coming out of a saucer bottom that has lasted more than 1 year. Saucer bottoms do herald change close to 100% of the time. So I do think it will return to the 0.2 area again.
I do think this will move up to over 1c off the saucer exit.
If so the 1 year plus down trend end would be confirmed. Needs this to be certain to confirm trend change.
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