A lot of holders jumped onto this hoping for another SIR. There are a lot of junior mining hopefuls with promising stories, its not a good idea to hold a fist full of these but if you don't mind a bit of risk you should have at least one in your portfolio. What the MMG arrangement has done is ensure survival and if they manage to find something then SEG could see a market cap north of $ 50m without too much trouble.
That will be a decent return if it plays out, give it time though. Unless they make a lucky find, give it 1 to 3 years.
Ann: Segue and MMG Limited Enter Into Plumridge Nickel JV, page-71
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