RE:Confidence of management
broadbill wrote: is clearly high.
There is no salesman-type puffery as far as I can see.
My view is that both Doug and Ian are conservative, technical people that let results to the talking.
The fact that a world-class discovery almost never occurs in isolation has to be hyper-bullish.
They appear confident in the methodology used to both understand and vector in on the most promising targets.
M/cap remains a joke and....
....yes, I still hope for a dip!!
Exciting times.
Bb
See below for geological details on Gochager Lake. Yes I think management are confident they are onto something really good I'm glad Ian Fraser mentioned the target deeper down beyond any previous drilling. Hopefully they stick at least one hole deep into that target beneath hole GL18002 that Cameo drilled back in 2018. That hole didn't hit mineralization but it did intersect the host gabbro rock. Perhaps the source of that 58 meters of 1.5% nickel is beneath that hole. As the geological summary of the property below suggests I feel Fathom Nickel has only hit the tip of the iceberg. With Mal Lake having the exact same type mineralization 10 km away and they now have 13 high priority targets within close proximity I'm certain this is a huge magmatic nickel system that could possibly contain several economic high grade nickel deposits. The best is yet to come for FNI shareholders. And yes the stock remains very undervalued.
Gochager Lake massive Ni-Cu-Co sulphide mineralization and the proximal (10 km ESE) MAL Lake mineralization have remarkably high nickel/copper and palladium/iridium ratios characteristic of world-class komatiite-hosted nickel deposits (Thompson Nickel Belt, Manitoba; Kambalda mining camp, Western Australia), and are unlike any other nickel deposits in the La Ronge Belt in this respect.
The komatiitic composition of Gochager-type mineralization is not compatible with the host gabbro rock and silicate mineral compositions, which implies the Ni-Cu-Co sulphide mineralization was introduced into the host gabbro by a much more primitive larger komatiitic system at depth or proximal to the Gochager Lake deposit. This and the nature of the comparable MAL mineralization suggest a “Tip of the Iceberg” scenario for the known Gochager-style mineralization in the area.
Current analyses of the available geophysical data (airborne and ground surveys) for the Gochager Lake area reveal for the first time a striking “EYE” shaped conductivity and lesser so magnetic pattern engulfing the deposit. This phenomenon is similar to the “EYE” like geophysical patterns associated with the recent discovery of the Nova-Bollinger nickel mining camp in the Fraser Range, Australia where the “EYE” feature identifies new high priority targets in which conductive Ni-Cu bodies lie within the “EYE” feature.