...one of the highst grade nickel sulphide showings...?!...i can`t judge if that is true, as i have no database of all nickel sulphide projects ever drilled, but
i would argue there is acouple of non-greenfields project with even better results at a fraction of GGI`s marketcap.
To me it is very clear that so far GGI failed to come anywhere close to a Voiseys Bay type discovery.
To make a more commonly known comparision:
There`s a lot of 30m @ 7g/T Gold drill results all over the world, but only a very few with 100meters+ at 7g/T. Same here with Nickel and Voiseys Bay vs. E&L/Nickel M.
I still find the marketcap overly excessiv. For comparison, maybe apples to oranges, but still
also a Nickel/Copper PGM project in Canada:
Transition Metals - Markecap sub 6mm CAn$ has a project called Dundonald
previous intercepts (it has`t been drilled for a while) include
5.74% Ni over 18.83 m,
11.2% Ni over 3.0 m, 7.6% Ni over 5.7 m,
5.9% Ni over 4.85 m and 5.9% Ni over 3.6 m
with PGE values of 1.6 to 2.4 grams per tonne
So i really fail to see why GGI AT THIS POINT! should be worth 300mm while XTM is 5mm EV...
Both projects quite similar on several front and
both NOWHERE near VB as of today.