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366 Posts.

23/03/15

10:30

Post #: 14960289
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Originally posted by milesy ↑

I agree.

Another Nova style hit and I reckon we would be testing the $5 high.

If the gold ends up looking a near term goer with strong drill results, then around $3.5 to $4.

If neither eventuates, then we have some issues. Namely a long period of time before production, continued weak Ni prices (although this may change into 2016), and a high cash burn (due to all the drilling, etc) and the market may think another CR might be on the agenda.

I would guess a strong retest of the $2.00 ish support. I would expect the sp to wallow somewhat.

Then again, they are smart operators and you never know when a left field announcement might arrive.

It's a speculative share. The only sure thing is the price will be volatile.

All my opinions.

Milesy.

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Nothing more to add to Milesy, nailed it.

SIR Price at posting: $2.87 Sentiment: None Disclosure: Not Held
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