SVY secured $620,000 from WA Government Grant to complete MLEM survey (and follow up drilling) over major gravity highs at Hawkstone magmatic Ni Project. The major high has a width of up to several kilometers and strike of around 22 kms. The MLEM lines are around 500 meters apart, so there were a massive amount of kilometers covered. SVY also completed a regional stream sediment (first one) for the area. Results are imminent. IMHO a positive report should see an increase in the EV of Hawkstone.
SVY is producing bullish assay results at Stavely and is currently diamond drilling at Junction. The first hole should already be at a depth exceeding 300 meters?
SVY currently has $2.9M in cash (less current quarter spend), $1.5M placement and $620,000 in grants for a cash total of $5.02M. Multi project drill programs for Stavely and Hawkstone should provide potential for very significant upside. The placement at 2.4 cents has spooked the market, at this level, cash represents 50% of market cap and the EV on significant JORC resources (and potential) IMHO is undervalued. Please do your own research.
SVY Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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