I second your analysis @Duncan04 .
I too have an interest in $AYR largely due to the potential cobalt upside based upon the geographical nearology of its established (by comparison) peers $HAV $COB.
The rock chip samples are definitely a step in the right direction and produced a few encouraging results (as you mentioned) but nothing mind blowing, which it appears the market was expecting.
Sitting on the sidelines for the moment,
JDI.
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