When Sirius Resources announced a new nickel discovery in Werstern Australia, people took notice. The share price of this once tiddler rocketed from about four cents a year ago to a high of $5, before falling back to around $3. That is still a rise of almost 100 times in less than 12 months. Yes, people have taken the company very seriously indeed.
Boasting a market capitalisation of around $750m, the question is whether it deserves such lavish attention. It's early days for Sirius, which is still confirming resources but, so far, the results are spectacular.