Hi Wanderer,

Looking at ISM as a stock, to me it's all about assessing risk in this game of speculation.

With 25 million or maybe even 30 million dollars in the bank, what's the risk for this little nickel explorer? There is no debt and really all we have to worry about is that the nickel this company has prospected will still be attractive to someone and to the world's Major producers one day.

Soon the Nickel will be defined with the upcoming NI 43-101.

Think of what the cash rich Majors must be up to with what's happening in the commodities sector. I bet there M&A department is busier than ever.