Great posting mate, Is the Risk high? Maybe, depends on the way you look at it IMO. With a very low MC, lots of cash , 2 uranium projects, one jorc Ni resource, 3 nickel projects, and 1 gold project, it's not risky at all for me personally . It could be perceived as risky for others. It's a matter of personal taste. Let's not forget we are in the speccy end of the market. What we are ultimately looking for are the best risk/reward coys we can find.
Now, if we are looking at the Sherlock Bay exclusively and assessing the risk of not finding higher grades at depth, then yes it is risky just like every other project carries Risk. however, if we look at Azs which is not far from our project with similar geology, the higher nickel grades were found at depth. Also there has been a couple of deeper holes done at our own Sherlock Bay which has shown grades getting higher at depth. so the odds are in our favour for higher grades.but we won't know until the rigs hot the grounds. Glta
SBR Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
