Firstly, congrats to all the holders. If you haven't locked in some profits, then I hope you all the best.
This is just getting funny now. At 60c, there are going to be some burnt fingers.
Lets look at the facts.
SIR only have 70% of this deposit. At 60c, they now have a market cap around $90m. This is valuing the deposit at about $130m.
I respect T4Ps research on this one, but in this market, are you seriously telling me that this is worth more than some of Australias largest Nickel producers? (PAN and MCR are cashed up, debt free and operating for years).
Give this a week or two to settle down, but people are going to be disappointed. The latest hole will be very disappointing, and maybe not even economic. I would say less than 1% given the use of matrix, stringer and disseminated.
Before I get accused of being a shorter, I'm not. I asked, and there is none available to short. Otherwise I would have at 60c.
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