This is a 13M$ MC company with no announcement on the drill results for their cobalt assets. This isn't your usual blue chip stock where correlations between SP movement of similar companies is high. AYR is high risk and low correlation. If stock picking were that easy everyone would be rich.
I think most are here with the expectation of a confirmatory announcement of cobalt grades >0.1%. I would expect MC to be 20M$ if confirmed—we don't have a JORC like COB, but at least our grades are expected to be higher.
Ann: RC Drilling Commences at Ophara Cobalt Project, page-277
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