Could be, although haz is not reporting very comprehensively. The key is to work out whether the nickel is primary (ie sulphide) or secondary (ie lateritic). To do this you need to see the PGE, cobalt and copper assays, which haz has not reported as far as I can see, so could be all rubbish.
STB has reported these results, and its a pretty clear sulphide signature as far as I can see, meaning that it is now a matter of finding the right trap to produce economic grades, ie the nickel is definitely there (and a fair bit of it too), now they just need to find the mine...
IMHO it should be a similar market cap to FCN at least, making it pretty cheap indeed.
STB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
