re: Ann: West Eucla - Ground EM Identifies Ba...
Balla balla is the main game. Large, advanced project with revised DFS due imminently. Now EPA recommendation. Project financing discussions underway with NAB. Offtake discussions underway. Therefore I don't think comparable with the others - but either less risk, or too diversified for a junior, depending on your point of view (given Zinc in NSW, Min Sands at Eucla, iron Ore (main game), and ni-cu
To me any Ni-cu discovery is a bonus under the JORC minerals sands on these tenements. It's not a pure nearology play to Nova - but they are adjacent to SFX tenements, and the minerals sands also seem to run into SFX ground. So I would hope that there might be economies of scale - either or both minerals sands or ni-cu if they or SFX both get lucky.
FRG Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held