The market doesn’t behave rationally. We see this explorers all the time. The reason for the hype in avz is that it is a brownfield resource - hence a lot of the drilling is to confirm the historical exploration. The rationale is that as results continue to deliver, the greater the correlation, the closer to reality the concept becomes. Naturally this then results in hype and in a period of time 50 c becomes a reality, whether justified or not. I do not think they said that on the first hold this will rise 100 percent. However the inference is it will lay the foundations to move to 50c. Remember not long ago when avz retraced to 9.5 c many were having the same doubts about 20 c and the on the 25-30 c figure following the last drill result. Well even before another drill struck the ground avz hit 37c.
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