Well today's Proactive Investors Write up gave SEG a real kick up the butt and the share price is reflective of it
http://www.*.com.au/companies/news/...-massive-nickel-sulphide-discovery-58059.html
Just a recap on the juicy bits:
"A significant and economic nickel resource could easily carry a value of $0.5 - $1.0 billion that is based on the valuation that came into play at the nearby Nova-Bollinger discovery. This would equate to $0.25 - $0.50 per Segue Resources share." you better believe it!!
"Proactive Investors believes that investors should have a position in the stock due to the massive upside potential that is inherent in the potential discovery of an economic nickel resource. The entry of Vale into the Fraser Range highlights the stakes and scale of potential for nickel discoveries. Segue Resourcesis perhaps the best leveraged of any Fraser Range explorer and deserves a position in a portfolio."
"Segue Resources has already defined seven solid nickel targets that are drill ready and could be classified as the leader within this peer group of Fraser Range nickel explorers, and carries a valuation that is in line with this group. The Company is supported by Acorn Capital which is a specialist investor in microcap companies and maintains an 8.4% equity interest"
"
CATALYSTS FOR NEAR TERM SHARE PRICE GROWTH
- E21 Target: Drilling program has commenced to test four high priority EM conductors at the E21 Target
- E28 Target: Three significant bedrock EM conductors have been identified, with a new conductor planned to be drilled as part of the current RC drilling program.
- Diamond drilling of C1
- Reverse circulation drilling of C2, C3, and C4 conductors at E21 Target
- Further evaluation of conductors 1 to 6 generated from 16 eye targets
- Development of conductors at E28 target
- Ongoing work related to Aeromagnetic and Moving Loop Aeromagnetic studies and follow up technical studies to develop targets and drilling programs
- Evaluation of gold targets within Plumridge project area after nickel drilling program is completed
- Evaluation of Deralinya Project area"
So for anyone wanting to run a comparison against SEG & other Juniors I think you will find the answers here with Segue !!
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- Ann: Maiden Deep Drilling Started at Plumridge Nickel Project
Well today's Proactive Investors Write up gave SEG a real kick...
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