Large Volcanogenic Massive Sulphide (VMS) discoveries are very...

Large Volcanogenic Massive Sulphide (VMS) discoveries are very rare.
Here are 3 large nickel sulphide (VMS) discoveries.
1994 - Diamond Fields (Voisey's Bay)
2012 - Sirius (Nova , Bollinger)
2020 - Chalice (Gonneville)

Discovery Hole

* Diamomd Fields - 33m at 2.23%Ni , 1.47% Cu , 0.123% Co.
* Sirius - 4m at 3.8% Ni, 1.42% Cu
* Chalice - 19m at 2.6% Ni , 1.0% Cu, 8.4 g/t Pdand 1.1 g/t Pt
* AZ9 - 8.8m at 3.19% Ni , 6.08% Cu, 1.63 g/t E3, 0.11% Co



Market cap before discovery hole / after discovery hole

* Diamond Fields - $45m (Canadian) to C$162m, an increase of C$117m (in one day)
" Sirius - 5c to $5 (100-bagger) in a matter of months.
* Chalice - $41m to $158m , an increase of $117m (in one week)
* AZ9 - DYOR



Sale Price/current value

* Diamond Fields sold for C$4.8 Billion
* Sirius sold for A$1.8 Billion
* Chalice went from 14.5c to over $10 per share at one stage. (~A$3+Billion) Some guy started wholesale selling of nickel and palladium in Feb 22, needed some money for a war. Chalice share price suffered.
* AZ9 current Market Cap ......DYOR


Degrussa (SFR) , discovered in 2009, was a copper-gold Volcanogenic Massive Sulphide (VMS) deposit. Share price 5c to over $3.65 in a matter of months.
Market Cap today of $4.8 Billion.

AZ9 is a speculative stock and my rule for speculative stocks is "limit yourself to betting no more than 1% of your net worth "
- believe I may have broke that rule today.

As some posters have alluded to , Mr Creasy is probably watching us very closely and Mr Robert Friedland too. (Friedland took part in Chalice's 1st CR @ $1.05)
In the past 12 months , contrarian Mr Arthur Richards Rule IV has been asked many times - "..and what are you investing in currently?"...his answer is always..."nickel sulphide projects ".
I believe he also will be watching our drilling results very closely.

Sovereign risk - Mongolia 29th May 2024
"The Government of Mongolia remains committed to maintaining a stable legal environment for a thriving minerals sector which delivers significant financial returns for our investment partners," PM Oyun-Erdene said.
(We give them shares in the company)

If discovered in the once safe mining country of Australia, Albo would try to declare it a National Park (Jabiluka , A$30+ Billion of Uranium in the ground) and Tanya would dream up something to block it (McPhillamys)

GLTA