SOI is around 900m after yesteray Vendors share (277m) issued.
$3.4m cash on hand do no CR risk.
The third Pilbara Colg/Nuggets play which actually found Nuggets after ARV $288m and DEG$73m MC).
If, only If, vendor shares can be hold tightly, sp Could/would/should run over 3c at least, however, sp gap up to 2.7c and down to 1.8c with 308 m shares traded at average price of 2.16c...huge selling but got met by huge buying as well, therefore, it indicates some deep pockets bought in and accumulate...
I personally of the oponion the vendor selling provide opportunities for those who see the poential of EYM, so the huge huge shares change hands....
Below is from @john435 contribution about EYM day before the news this morning:
Those 6 Nuggets indeed are confirmations of the poential of Bellary which those 6 nuggete found, please check EYM morning Ann below :
As for comparative reasons, below are 3 Nuggets get DEG 6 baggers, I don't think those 3 from DEG are better than some of 6 Nuggets EYM found:
Imo, the Nuggets finding from stategical important Bellary Project has Derisked EYM a lot and Nova could be on the move already, I also don't think Pip traders and DT er have those deep pockets and funds to generate those 307 m at 2.16c.....lots of 5m, 10m buy orders went through between 2.1-2.3c(should be big boys)
Profits taking from vendors might run out supply in next 2 days after today's wash and EYM still have results pending and drilling soon, so there should be strong reversal in due course.
