smy - more ni found, page-4

Hi Charles

Its a fair bet that the first hole in the program would be a "safe" hole based on previous drilling. Safe in that SNY would want the first hole to be a good one. Note that the deeps has been drilled before, but only lightly, therefore there is already a resource to target for a safe position.

Future holes will likely start stepping out and adding to the resource so will add more punch to the share price.

Nice to market reaction to the first result though,despite the fallback today.

With respect to grades, the SMY feasibility is based on underground mining of 2 to 3 percent nickel so this intercept is certainly economic grade-wise, if anything the width is not as wide as one would like. However still looks mineable.

Cheers
AC