Being geotechnically illiterate, I read the announcement as positive.
For the mine, "Stage 1 Study newsflow soon" - very good.
"Stage 2 Resource upgrade commenced" - do they still have time to relase a JORC upgrade in the first quarter as promised? Last year, coincidental or not, the major boosts to the price followed increases to the JORC.
IMO, either a feasibility update for the mine or an increase to the JORC is what the price needs in the short term.
Happy to see a pulse, I thought we had lost the patient for a while there.
AVB Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held