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06/09/16
22:41
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Originally posted by Izzy79
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no vice - haven't you noticed that the share price has dropped from ~0.32 to 0.205... I think it has corrected the premature rise from the past month. Expecting it to return when the drill results start flowing.
user32 - you keep referring to the Jorc figure and crying foul on the valuations that are thrown around. Obviously you place no value on the previous exploration data (non Jorc compliant). In that case you wouldn't recommend drilling at SJ and would instead recommend drilling on some previously unexplored random patch of ground... People didn't buy into AVQ because there was a Jorc figure, they bought because of the resource they speculate will be there. Drop the current 12Mt limitation in your evaluation and speculate on what is there - otherwise dabble in less speculative shares (or forums if you can't be bothered buying what you 'waste' so much time on debating)
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Why do you think mining company don't have looking forward or prediction, they could well find 120Mt or another 12Mt (which cost them 9-11M in exploration cost last time) or gold or diamond or nothing!!!!