What could the share price be if we get Isabel up ? Good...

What could the share price be if we get Isabel up ? Good question. Management have suggested to me $1 is the sort of target they would be looking at post the awarding of licences - supported by a number of analyst reports. This doesn't take account any value for San Jorge and or West Guadacanal. Also remember Sumitomo have now relinquished their rights to any other tenements on SI which includes a number of highly prospective opportunities. While AVQ is subject to 3 mine tenement rules there position is refreshed once they start mining Isabel.

There is nothing to stop this stock getting to $2-$3 within a year or two if we get the appropriate licences and nickel stays above $10,000/tonne. Let's not forget cobalt credits either which will become more valuable as battery technology develops.

This is all hyperthetical as no value can be attributed until the all important licence approvals are granted. When will they be awarded ? Your guess is as good as mine but management is highly confident of an outcome before the end of the year.