Nothing surprising here. Folks are just buying in for the ride...

Nothing surprising here. Folks are just buying in for the ride now it is sure it is about to begin at Saxby. This project is a very well-educated punt on this being a big enough system to be economic to mine. Like a lot of EBR to SER projects in the past it is based on excellent geophysics, coupled with a real opportunity that has arisen through bigger companies vacating leases that are promising but not within the scope of their exploration programs. They have done this on multiple occasions in the past, each time turning out to be not quite what was hoped for. So a big run-up in SP in advance of the drilling program when rigs are on-station (no point in getting in too early as it may not eventuate), maybe a further build on good logs as holes drilled (as in their oil and gas), then a big bail out when results disappoint. But in all cases its been the potential for a ten-bagger at least, with good, but hard to quantify odds of success. If this is a successful 4 hole program, with solid grade and lengthy intercepts, it could be a ten-twenty bagger easily. But if a fizzer, as possibly more likely, back to half the price to await the next program around Mt Isa inlier after another CR and maybe rights-issue this time, to fund that play instead. That's another great well-informed punt to look forward to...