Massive is a geological term and it refers to the concentration, you can have 15 mtrs of spasmodic sulphide but massive is much more concentrated, from my discussions with them
Now if they have hit massive sulphides but the centre is 40 to 60 mtrs away how large is this.
Why hasn't the market responded, yesterday there were a lot of daytraders buy in then when it didn't run they jumped straight out.
Remember the US is in a bear market.
They set out to find Ni sulphide at Nepean and found some, more work in progress.
They were looking for more Ni sulphide at Sherlock and found it including massive sulphides.
How much they are still determining with more holes, but appears to be very substantial which then gives the company more options for it going forward.
If they announced this during good market times sp would have risen 3 times.
Just because the market is not good does not mean the market doesn't like results.
However we know a lot of nickel is needed, and they have found a lot more at Sherlock, how much more they are still working on.
And remember nickel sulphide is not just in a core sample, it's like an iceberg, a core shows just a very small part of it.
Every large vol day takes out a certain amount of stale holders and replaces them with new ones.
The more tge take out from stale holders or CR participants tge better it will run when the market turns and better news is released.
Massive Ni sulphides is a very good thing, don't try to make a negative out of it just because we are in a bear market, which can change quickly.
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