Yeah
@Linzy, gotta agree, chart is torturous. But it is typical of a junior explorer. Strike something, goes ballistic. Prove it up, everyone loses interest and poo poos it. But smart investors see this as the best entry point.
A speccky of course. But if they hit another Nova or even Silver Knight, the SP will go through the roof.
I tend to follow the money. Mark Creasey (look him up) is the Ni whisperer (actually a very interesting story about Skylab crashing into WA desert). Found Nova, found Silver Knight. Found Mawson. Owns 30% of LEG. IGO owns 16%. They are no dummies. Follow the money.
When Creasey found Nova (Sirius Resources) SP went ballistic. Here's ABC report extract from 2015 below. They were trading at pennies when they found it.
LEG has the best address in the best street. I'm betting they find something big but whatever, noting ventured nothing gained. Fortune favours the brave !!
Aspiring West Australian nickel producer Sirius Resources is set to be to taken over for $1.8 billion.
Under the deal, diversified miner Independence Group will acquire Sirius Resources for $4.38 per share, taking Independence's value to $2.7 billion.
Independence Group currently produces gold, nickel and copper, zinc and silver from three mining operations in WA.
Sirius Resources made headlines in 2012 when it discovered the high quality Nova nickel and copper deposit in the Fraser Range in WA's Goldfields.
Its shares soared, seeing the company's market value jump from less than $10 million to more than $600 million.
