Yes it may only take 1 announcement for the SP to double but what if AZS has multiple excellent announcements over the next 6 months from multiple high priority targets (they have 13 so far) - a doubling of SP may end up being conservative!
BTW they are still doing rock chips from the 700+ pegmatite outcrops (it was in one of the recent announcements), so we will see those results at some stage and maybe even more high priority targets to drill.
I was surprised to see them drill more holes around hole 199 - it suggests to me that they have almost no areas near their high priority targets with approvals. They must be twiddling their thumbs a lot waiting for those approvals.
AZS Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held