Another Nova style hit and I reckon we would be testing the $5 high.
If the gold ends up looking a near term goer with strong drill results, then around $3.5 to $4.
If neither eventuates, then we have some issues. Namely a long period of time before production, continued weak Ni prices (although this may change into 2016), and a high cash burn (due to all the drilling, etc) and the market may think another CR might be on the agenda.
I would guess a strong retest of the $2.00 ish support. I would expect the sp to wallow somewhat.
Then again, they are smart operators and you never know when a left field announcement might arrive.
It's a speculative share. The only sure thing is the price will be volatile.
All my opinions.
Milesy.
SIR Price at posting:
$2.85 Sentiment: Buy Disclosure: Held
