Sirius Resources

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. Nova, as the...

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.

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