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It would appear that the market considers Bobby's Pond as negative value. For small cap mining stocks irrational negativity is the patient investor's best friend. An irrelevant minor prospect for Inco could be similar to FNX/DY's mine at Levack since it appears that no detailed modelling or current technology drilling of the prospect has been performed. There is a great opportunity for unconsidered baubles when Inco is consumed by Goro and Voisey's Bay. This is a bargain priced deal once again illustrating the management's skill and adding this to an expanding operating diamond mine, a probable operating gold mine with expanding reserves and promising joint venture with WM.
The deal was mentioned on ROB tv by Lou S. when reporting on the outlook for base metals around 1.45Est., he gave the MOA ticker. The bids at 0.56 and 0.57 suggests institutional interest ( the ask moving higher recognises this), if the price goes to this level it will have taken out some weak hands and will not come back to the market unless there is a considerable premium. The stock between 0.57 and 0.65 could be the last cheap stock.