today's wrap, page-3

Drawing positives out of a day where the stock price fell 22% - gee you are an optimistic bugger if nothing else!

Pretty horrid day for SIR today - in the medium term management will need to identify some new targets within the region to bring back the blue-sky potential that has disappeared in recent announcements. Short term the share price will probably continue to have big days in both directions until the resource is fully defined (Easter is the new timeline I believe?).

I still think $1.50 - $2.00 is about right unless some more conductors are identified that can be backed up with topsoil sampling and/or eventually drilling.

If the 80+ metre intersection can return +3% nickel that will be a great result and should provide a small boost but will quickly be forgotten if all other conductors are ruled out.

Good luck all - tough day for holders who bought closer to the peak.