sulphides intercepted at second target, page-64

While there has been a comparison between MEU’s and SIR’s initial anomalies (as controversial as it may be), it is worth making a comparison also to the reporting of the two companies in these initial stages and the expectations of shareholders regarding to reporting and share value. There is constant pressure on MEU to disclose every move they make however when comparing the discovery process of the Nova deposit.

SIR reported drilling was to commence at four key projects on 13/9/2011, the EYE now known as NOVA is one of them. SIR share price at the time was 10c. It would be interesting to compare Hot copper post regarding this but I don’t know if posts can be retrieved that far back however it was over a month later on 25/10/2011 that SIR announced “STRONG NICKEL-COPPER-COBALT ENRICHMENT IN FIRST DRILLING AT THE EYE” by then assays were already completed with no prior on site tests or observations reported. Share price at the time 10c.

It was not until 26/7/2012 that SIR made the fateful announcement that took the share price to 60c. During the period 25/10/2011 to 26/7/2012, nine months, only three updates were released and the share price hovered around 6c.

MEU are now at the stage SIR was at between 13/9/2011, share price at 6c with enormous pressure on them to release more information. Compare the two and there is still nine months of exploration before SIR hit the big one.