Gavinbell I understand your concern .......the stock is arguably...

Gavinbell

I understand your concern .......the stock is arguably the cheapest Ni play in Oz ......

I have noted previously that the offtakes (exsisting mines, plus exsisting resources) expire in 18-24 months (approx.) ......
also of note is the $$$ that WSA paid for dirt to the north, with 1 (deep) resource ......even on just "dirt value" - MCR is worth multiples of current price ......

imho - was are seeing access to this "cheap capital" disappear .......evidenced by the number of PE acquisitions that are coming back onto the equity market .....and the huge discounts to "ex right" prices in recapitalisation of major companies (STO / ORG).

I rekon their is one obvious buyer (WSA) - and they would have to expand their mill / float circuits .......it would enable them to get to 35-40Kt (ie globally significant)......

I haven't chked the register for some time ........but that outcome remains a possibility .......I just rekon its an outstanding call option over the metal price .......wont require funding ....and has organic prod growth ahead of it ....management have been very rational....so it ticks all my critera boxes..

I personally hope it doesn't get taken out !!!!!!!!!!!!!!!!

rgds
V_H