Ann: MTD026 Mulga Tank Drilling Update, page-25

Might be that I've over cooked that - let's see.

I had assumed that 70c had a fair bit of risk price baked into it, but this announcement de-risks the ubiquitous nature of the nickel (in part, obviously not totally) and it shows that they've hit even better and still haven't found the bottom... all without DHEM to guide towards greater goals.

So either the 70c line had this 'assumption' (read 'hope') baked in, or people haven't digested it all yet, or... the bigger money waits off screen until it has to jump (as is the way on a re-rate on a low SOI).

I think this is where games might start to be played too. We've got 8 holes to go and assays to come but cash will be running thin (particularly if we get another rig). A CR or some form is inevitable and essential to drill this out further, and so big players might try to play this low for the greater discount. Again, low SOI high opportunity explorers can sometimes demand a premium... so this is risky for those playing that game

Let's see what happens I guess!