Vanadium $1.4m EV Facts thread, page-101

This was actually one of the main concerns I had with investing in SRN.

When we don't know too much about a manager of a company, all we can go off is their track record. However, as @demonaico explained, his role there was not significant enough for me to attribute the collapse of Magna solely on him, nor did Magna have well-defined assets such as Unaly Hill and Kooline, though, less defined there.

For the record, Mr Nikolaenko was a non-executive director at Magna Mining NL (delisted) from April 2012.

His loaning of money and subsequent participation in the capital raising was a vote of confidence in terms of his commitment to surefire. Not a sure sign of success but I dug up some drilling data from 2010 and the numbers do seem good.


I posted these before and explained what they mean for us...
https://hotcopper.com.au/threads/an....4315278/page-7?post_id=34495968#.W2civNUzapo

I will try to find out more about the plan with Kooline, especially since more money was allocated there in terms of exploration spending than Unaly Hill as per last cr prospectus. A sub $75mil capex operation is highly likely there if we can prove up >10mt of ~7.5% Pb. This is very likely I reckon since we already sampled up to 79% Pb and the high-grade lead samples already occur across massive zones. Such project will certainly have a >50% IRR so I am very keen to get Kooline's massive strike length drilled.

Will post any new findings I come across.