Ref: Stock-headFive nickel explorers on the radarIt was...

Ref: Stock-head

Five nickel explorers on the radar
It was mentioned earlier that the rebound in the nickel price is the good for the producers, developers and explorers.Garimpeiro’s interest today is in the explorers because the reality is that while a strong nickel price dials up investor interest across the sector, a decent nickel discovery can amp up an explorer’s share price regardless of the daily, monthly or quarterly nickel price move.There are lots of them on the ASX, and it is worth remember that leading producers like Western Areas (ASX:WSA) and IGO (ASX:IGO) are also active explorers, as are the near-term producers or developers like Mincor (ASX:MCR), Poseidon (ASXOS) and Panoramic (ASXAN).But back to the pure explorers. Here are five that have caught Garimpeiro’s eye recently.

St George (ASX:SGQ): Has come up nicely from 7.9c to 9.5c and is currently in a trading halt while it puts away a placement. It will be well supported on the strength of the recent discovery of high-grade mineralisation at depth at its Mt Alexander project.Boadicea (ASX:BOA): The Fraser Range explorer is trading at 27c form a market cap of $16.8m. It has IGO exploring on its tenements near IGO’s Nova mine. If a resource is declared, Boadicea gets $50m.Orion (ASX:ORN): It is really a copper stock with its two projects in South Africa. But IGO is exploring on its ground in the Fraser Range at the highly rated Pike Eye nickel target. It’s 10km along trend from Legend’s Mawson discovery.Legend (ASX:LEG): It has been rewarded for the Mawson find with a big lift in its market cap. But latest exploration results suggest Mawson will grow into a major find. Trading at 14c, Euroz has a 30c target on the stock.Metal Hawk (ASX:MHK): Joined the lists in November with a WA gold and nickel focus. It has Western Areas, a 6.6% shareholder, working up some nickel joint venture drilling targets. Modest market cap of $12.5m (25c).