Complete over reaction by the market, as usual, points to take away:
- EM target was a duster
- more co intersected but the market probably wanted another 40+ hole
- waiting time for further drilling
- cash flow limited, another CR required soon
On the positive side, more co/nickel intersected, em surveys to be completed next week on the 4 holes, further upcoming surveys on the tenement. Drilling in a few months could open up the entire area to more nickel/cobalt.
Ann: Kurnalpi drilling returns further high-grade nickel-cobalt, page-20
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Mkt cap ! $21.13M | |||
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