SIR 0.00% $2.52 sirius resources nl

trading price, page-28

  1. 11,400 Posts.
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    I would just like to state, no matter who the people are, even with the best geologists etc,

    without drilling there was no certainty for success (there still isn't). Spotting this prior to a drill was in itself a pure fluke.. EM signatures can mean so many things, especially in rock formations.

    Once you know what the EM signature represents, you can add some speculation, if the EM signature is consistent, that its all the same down there but prior to drilling you are betting on a wild hope.

    As for now-> onwards, I agree that good management will be a key factor and as long as the drilling continues along similar lines, this will increase from its current SP long term. In 2-3 years this could be worth 500m market cap or so starting a mine and prod plant, who knows.

    Technically speaking though, my Gut is telling me a retrace may be in order when momentum starts to fall out (via any number of things, Cap raising, macro economics or just profit taking).
 
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