RE: Sprott
"Now if some other institution sees the PEA and metalurgy results and decides they want a few million shares as well, then of course, the share price will take off once again. Only this time, with fewer shares available, it will really take off.
I believe there is a lot of money on the sidelines desperate to chase a good news story, and I expect NKL's PEA will generate the news and share price movement to start a substantial move higher."
As Cayp21 pointed out, current conditions in the PM sector and market as a whole are not exactly the best. As most here can all attest too, even stocks with good news have been sold off as opposed to attracting investor buying interest. With that in mind, all that can really be said is that the ingredients are in place. As our posts suggest, NKL has good share structure heading into a positive news environment. Meanwhile, the PEA has catalysts like the IRR number, metallurgical studies and (possible) rhodium/other inclusion. If nothing happens, which I strongly doubt, we will have those step out drill results later this summer. Right now, I'm hoping we get those infill drill results this week. If so, we will all know what comes next where anticipation and speculative buying into the same (ie: PEA) will only serve to further tighten the public float.