picture speak for itself but the price has already reflected the potential from 2-3c to 16c high, so it won't have much upside room to move.
you just talk about high risk in exploration so you know price will not be high when the risk are high, and when they de-risk the project then price will go up. just go and do the calculation on what was the s/p and m/c before and now, and how market value WA1 and. ENR at similar stage.
Ann: Avalon Drill Program to Commence, page-309
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