That seems pretty logical to me.
If you’re right then I like the calculated caution that it shows for HIP’s management, even if I’ve been a bit miffed not to hear they’ve finalised the JV deal.
Confirmation of an economical scoping study from AVZ is the biggest constraint on their share price at the moment (people are worried about transport costs and reliability, in particular). If AVZ show transport is a minor inconvenience then the commercial value of the deposit will increase significantly, as will all the surrounding deposits.
Result: 4CE, TTX and HIP should all get a massive kick from a good scoping study.
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