JR average SP would be close to 6c for the last six months . The...

JR average SP would be close to 6c for the last six months . The last four/five days has seen under 100m shares change hands above that price . It just goes to show how each stock is a completely different animal .
One could argue the price is inclusive of the NWZ2 find and added to that a small amount for the probability of success here .
If successful here JPR should run well IMO but the testing is a long process and perhaps a retrace will occur after an initial surge . The options look like being in the money and staying there on announcement of a find . Again just my somewhat uneducated thinking .
My earlier reference to another recent drill was only an exercise in showing what the market can do when an exciting find occurs . In that case the market wanted to hear what they were told regardless of the fact that the figures for flow were not out .
As I said this is another kettle of fish altogether , but the market will react very positive to a new find . Probably it will over react . IMO