Yes, the announcement is based on a few samples but so are many of our peers in the REE space. It hasn’t stopped them all on going on massive runs prior to drilling. When the market is hot, like it is in REE at the moment, then investors will enter on anticipation alone. These are great assay results for surface samples! Yes they need to be proven in drilling but it certainly does de risk the project, and even more so with near surface clay hosted potential. Very different to a decent rock chip sample for gold or copper being found and still 100s of metres, sometimes km’s away from the source. You would expect it won’t take long to prove in drilling and probably only needs shallow drilling to begin with.
Some decent volume arriving now, just in the first hour of trade today, we have had almost the highest trading day since late October. Some interest is certainly starting to arrive after the REE news imo.
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