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Ann: More RC Intersections over 1% Ni at Mulga Tank - Updated, page-65

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Jeffc11267

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28/01/24

10:46

Post #: 72094755
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Originally posted by crustbuster: ↑

Sirius Resources was just months from bleeding its cash reserves dry in July 2012 when it made the fateful Nova nickel and copper discovery.
Three years later the company was sold tofor $1.8 billion, earning shareholders the equivalent of $225 for every $1 they held at the time of the discovery.

Due to the quality of the Ore the Nova Bollinger deposit remained highly profitable throughout the cycle . With the Nova Bollinger operation getting close to it's use by date that would mean that IGO would most likely be in the market for a follow up project for the future, it would make sense to dismantle and rebuild that operation 100km or so to the north where they can commence mining on a long life resource.
Some posters here , myself included have been harping on about the highly competent management team we have calling the shots and making the plans that will inevitably be the making or the breaking of our brave little company, and it is in them we trust.
When Nickel was being favoured by the market the path to success was much clearer than at present . IMO the prosperity of our company will be relative to it's ability to evolve adapt and meet the expectations of the investor of today .
I recall it being mentioned by Dr .CM that he was going to be on the hunt for the Gold in our tenements while Dr. BG was focusing on the Nickel so I am half expecting some news as to his progress.
Drilling the third "Government Funded" EIS hole into the bowels of this monster and successfully discovering where these remobilised massive sulphides have been remobilised from (UP to 57% Ni.) will IMO be a gamechanger no matter where we are on the topsy turvy cycle of the Nickel price.

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Ann: More RC Intersections over 1% Ni at Mulga Tank - Updated, page-65

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Ann: More RC Intersections over 1% Ni at Mulga Tank - Updated, page-65

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