Sirius found Nova on the last hole of a three year $10m drilling campaign. So it wasn't all that simple.
(The geos who found it, were working on contract, so they didn't become millionaires. They went on to found MPJ, which became KAI, hoping to find more nickel in the area)
IGO is bringing in approx $350m annual revenue for about $50m income from Nova-Bollinger. 6km away seems like a great piece of real estate and IGO have unlimited exploration funds, so if another great nickel deposit is there, they should find it. And if they do, surely they would want to buy MATSA out of the project. Hopefully, MAT don't let it go cheaply.
MAT Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
