It appears that someone (or more) have been accumulating over the past week or so for the upside.
Despite the necessary capital raising to prove the potential of this strong nickel prospect, the vendors of the tenements are retaining very strong interest in the project and backing this fully.
If they are fortunate to discover a high grade deposit, and they are small and not easy to find, this will be a Company maker.
The target they are about to progress drilling appears to have all the hallmarks of a good deposit judging by their analysis so far regarding sulphide indications.
The next announcement following the CR should be very enlightening.
It appears that the Company has not only Lithium in their sights but a suite of energy metals such as nickel, copper and possibly cobalt (commonly associated with nickel).
The entry point is cheap and I can't see much downside, more to the significant upside.
ESR Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
