ready salted3 Jan 2011 17:00
I would pressume you started with web site and rns's. They are due ti publish maiden resource q1 2011 and seem to be fast tracking to pre feasibility. the resource is supposed to be high grade nickel. Xtrata have a similar resource next to it, check out their rns for resource value. At present the so has stabilized at 14.5p and won't go up due to someone off loading in 100k chunks. The seller seems to gave calmed down and hopefully running out.
The value of nickel placed on this project is approximately half to one sixth of the value it should be if the results are similar to Xtrata resource.
I also don't think the sp reflects any other of their gold projects, but hzm seem to be going all in on this one.
I think they will need to raise money at some point but only for good reasons.
As yet I have not reinvested as I spent 2 months with watching buying pressure only for the seller to come back. I sold out, moved it elsewhere got a decent return now I am seriously concidering investing again.