Specul8r, that's exactly correct, this is a speculative stock, that has tried to minimise the risk of a duster by doing the gravity survey. A dud EC is usually graphite that has low gravity. if we miss it wont be graphite as the high gravity shows where the EC is. It could be be plain pyrite or/and pyrohitite, but I prefer to believe it is a nice thick blanket of Ni and Cu of 60 metres thick grading 4%+.
Imagine what the price would go to if it was that. A market cap of $1b that SIR went to and so did SFR, would make us $22/sh. The upside here is unbelievable compared to the 23c risk. It is a possible 100 bagger, and it is sitting straight along the strike of a major Ni/Cu find and only 6km away.
In a bull market it would be over a dollar before they drilled.
BOA Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
