Si6 Chart, page-179

Small Cap Standouts


SI6 METALS (ASX:Si6)

SI6 has taken the lead again this week. It had reported mid-week that the program of work for its Monument gold project had been approved by the Western Australian government.


This paves the way for the company to kick off drilling in March 2021 quarter.


SI6 : there are a few things going on in the background.

One: A 500m deep drill hole is underway at the Maibele North nickel-copper-PGE project in Botswana. The company says the target sits in similar rocks to other major nickel discoveries like Nova-Bollinger and Julimar.

Two: It has the option to buy an early stage gold project in WA called Monument, which is interesting because it is nestled between recently announced merger partners Dacian Gold (ASX: DCN) and NTM Gold (ASX:NTM).

Three: It just raised $2m at a premium to the 20-day volume weighted average price (VWAP).

And four: The outlook for industrial metals, like nickel and copper, is positive. The price of nickel metal has advanced circa 50 per cent since March lows, it says, while copper prices are now at multi-year highs.