OK. Let's take LEZOK's numbers there petey. They are not conservative by any means, but:
So in ground value, i.e. in this case 4.5B, x 2% - that's about all that (good) base metal explorers with a potential u/g show are worth these days = $90m. So Sirius is nearly there on 1 hole, assays to come on another, a heap of unknowns, and a cap raise needed to drill it out. That, my friend, is the definition of exuberance.
SIR Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held