Hi zubric - I agree, a TO bid is not on the horizon and it would not be considered until Creasy is ready. There is plenty of value to add through further exploration and development.
I also agree a TO offer would be well north of $5, however the current price correction brings the SP back to where it should be IMO.
TO players is an interesting one. I would guess either a post-merged Glencore-Xstrata who have decided to remain in the nickel business, or Western Areas. I would lean towards WSA if forced to choose.
SIR Price at posting:
$2.98 Sentiment: LT Buy Disclosure: Not Held