I think we will see a bump of at lease 50% if someone else close to NOT hits high grade nickel. 2 reasons for this. One, the required tonnage for a mine will no longer be question if a second pod is found which means that relieves the biggest risk about this play right now...not enough tonnage to make a mine ecomically feasible. I am not bashing. This is just the reality of the market looking at us. We know the tonnage is there is just needs to be proven but the market cannot appreciate this and as such, prices a risk factor for it. Secondly, a second pod confirms that the whole area may light up to be rich in Nickel and then all gloves are off and everyone will want in. There is enough big money watching this right now that any second pod being hit will drive all the area plays higher but especially not as they have a proven pod.
Long on NOT,
Glorieux