Ann: Step Out Drilling Hits SW Extension of Nil Desperandum, page-136

Well and good but this is a speculative explorer with a market cap at $200M, some $25M in cash and (good management aside) not a great many asset. The share price climbed near vertically on the back of announcement of some strong indications of a "MAJOR DISCOVERY". The announcements have been overly enthusiastic in their wording. The following announcements haven't as yet lived up to the potential imagined from the earlier hole 44. Then you get stuff like the visual estimates of hole 66 not being reflected in the actual results. It's only early days and it looks like it's shaping up nicely, but not as wildly rich as imagined by some. Panic often follows fever.