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I agree burtbachah; many companies say many things to effect price without an ounce of substance. In the case of ABU there is no doubt in my mind that they are looking at least 5-10million ounces. More is what I hear, that is how exceptional their position is. Their team would have to be blind to mess this up.

Looking at the Management closely will only fill you with more confidence. Their management is as ambitious as their drilling targets. A pure exploration company is terrific for many reasons but it always comes down to their position. Management requires the resource to be in the ground to begin with so:

1. What's unique about this regions geology?
2. Compare ABU to other Companies with similar positions?
3. Look at the future cost of production?

If the company has the position it usually can raise the cash. It's low debt/cashed up state at the moment is perfect conditions for a exploration company. Their aggressive drill targets combined with excellent marketing can lead us to believe over the next 18mths a much larger position will be exposed considering they've only looked at 15% or so!

Dishonesty and incompetence would be quite hard to achieve in this case. All they need to do is keep going and keep up their transparency! The market will undervalue irrationally but will pick ABU as a favorite pony sooner rather than later. Its growth has been excellent, it's consolidation predictable and its new highs also predictable and steady.

A slow month in June for many could be a great month for ABU! Any ticket below 5cps is very good from an 18mth perspective.

Kind Regards