ann: abu sets out staged approach to gold prod, page-57

The OP resource came out on the 4th.
The day before that, the close was 4.1.
The three days before that it was closing at 4c.
On the 4th (OP upgrade) it closed at 4.3c, nearly a 5% rise.
On the 5th it closed at 4.4 on the Buccaneer upgrade.
The following two days it closed at 4.6 - before beginning its correction to close at 4.3 yesterday.

Did the price not rise on the resource upgrades?

When I talk about a re-rating I am not trying to pick the day it will happen
The move over the last week may have been trading by short term players rather than the start of a re-rating.
I don’t know.
Perhaps some TAM holders decided to sell some ABU after suffering losses on TAM, or just some profit taking after the upgrades. The sector was off yesterday and gold was down overnight so we may see more weakness today for gold stocks.

As I said in my last post;
“As each milestone is achieved the sp should re-rate with time.”
Next milestones are scoping study update and trial mine permit and scheduling and the trial mining itself.

What the exact trigger will be that will drive ABU up to 8-12c I don’t know. It might be gradual or rapid.
No guarantees it will happen, but it looks very likely to me.
I’ll leave the exact timing to the "experts".