Well some are heading for the exits now - but does the drop in SP denote a washout or just the usual weak hands that are always present - particularly when there are so many shares issued.
Still groping in the dark here but I think the following are more or less in the ballpark:-
1. At Kambalda they did not find wall to wall nickel - I believe they proved up several shoots
2. If that it so then the chances of the company hitting nickel with either of the recent 2 deep holes is a bit like finding the old needle in the haystack
3. As I understand it one of the primary purposes of the holes was to be able to get the EM gear down the hole
4. Once they have the EM gear in place they should be able to test if there are appropriate bodies with a radius of around 300 metres of the hole
5. I think they are much more likely to find something within a diameter of 600 metres rather than the 150MM odd of the drill hole
TMX Price at posting:
2.1¢ Sentiment: None Disclosure: Held
