Managed to pick up some at $0.004 after waiting at $0.003 forever.
This is a huge play and punt. Anyone that bought in on trench results thinking 'what's above is below' are delusional, I've never seen trenching work reflect reality. That said, it's the shear scale of the target and Norm Seckold that attracted me to SMI. I don't expect many if any results over 1% Ni, I'm hoping/expecting wide intercepts of disseminated nickel sulphides in the range of 0.3-0.7%. Australia doesn't have very many large disseminated nickel mines with WA mostly hosting higher grade UG komatiite - I feel if any good results are presented it most likely will fly over the head of most aussie punters - this is where I'll be buying more as the ASX discounts a valid discovery and deposit.
It's a punt and you could lose 50%, turn away if that makes your stomach churn!
SMI Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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