up 22.22 per cent and long way to go

just look at the market cap and shares on issue

Shares
(Millions)
44.010

Market Cap
(Millions)
4.841

Resource defined so far is 2.53Mt@ 0.07%Nickel and 0.05% Cobalt, which equates to over 17000t of contained Nickel and 1520t of Cobalt, calculated using a surpac block model at 0.05% Ni cut-off grade.

Using a 0.07% Nickel cut-off, the resource is 1.07Mt @0.85% Ni and 0.06% Cobalt.

Current prices:

Ni $19,300AUD/t x 17,000 = $328Mil
Co $40,700AUD/t x 1,520 = $62Mil

20%/80% jv with POS (Andrew Foster) EYE share=20%= 78 million $$$

current SP 11 cents!!! Assume 50% cost to extract. First 500 000 carried by POS + that EYE receives royalty on POS share this must be the bargain of the week..

Cheers and good luck to holders