Not really relevant here Xin but you shouldn't have listened to...

Not really relevant here Xin but you shouldn't have listened to me back then. That was a right stuff up, and it wasn't one post it was many. Called Nova correctly as the real deal from the get go, but got the valuation totally wrong trying to compare it to WSA. Pulled my own bids when the stale holders crashed into the opening spike. I should have realised sooner that grade would be 6x cutoff, processing conventional and it would be valued as a cash-cow regardless of the bear market. DeGrussa as a VMS was a bit easier to know quickly. Nova an unknown beast.

Different situation now - we all know what Nova is and we are looking for a technical repeat. Besides I'm a lot looser on potential valuation ranges these days but still never really get it right in private correspondence or with selling tops. The value of hope alone nowadays is priceless, with all the gamblers and their SMSFs playing to the tune of the spin doctors at the junior end of the market.

Better if I stick with yes, no and maybe on HC, rather than how much, and for yes, no and maybe the record on here allows me to sleep soundly (with perhaps one notable exception a couple of years back where I initially got fooled). So you probably won't read me posting about what I think things are worth these days - more likely just trying to assess the probability that something will come good versus the probability some folks are trying to pull the wool over our eyes. I don't think that old SIR commentary applies in that respect.