RDS UP 12.5%, I'd say the speculation has started anyway a collegue of mine from WMC has done a bit of research -
"the WMC Nebo-Babel deposit is a layered, basic, tube-like body intruding felsic granulite facies country rock in the west Musgrave Block, Western Australia.
Nebo-Babel is the largest nickel sulphide discovery since Voisey’s Bay, Canada. In this case the Nebo-Babel deposits are similarly hosted by high-grade gneisses in a terrane dominated by the large layered intrusions of the Giles Complex, many of which are of anorthositic and troctolitic composition. WMC, in its January to March quarterly, updated progress on its tenements in the Western Australian portion of the Musgrave in April 2000 a hole at its Nebo discovery showing 26m @ 2.45% nickel, 1.78% copper and 0.09% cobalt. According to the quarterly, WMC completed a regional airborne geophysical survey in January, the results of which have been interpreted with anomalies selected these anomalies require additional exploration in the form of ground geophysics, geochemical sampling and geologic mapping to determine if a drill test is warranted.
These techniques are the same asc RDS has used to identify a major Ni-Cu-PGE system as Nebo Babel this is defined gneisses in a terrane dominated by the large layered intrusion over 35km strike along the southwestern margin of its Saturn Complex. I think this speaks for itself DRILLING should be very interesting as should the share price.
Anyway why does WMC want to JV.
I am confident come March we could see something spectacular !!!! Good Luck over 07 !!!
a year for the miners