I remember people saying 'who would buy this at 5c', 'then at 7c', 'then 10c'.......the nature of trading Junior's, when the risk is high the value is low, and as the risk reduces the value increases expedentially......combine this with a tightly held book, and the hype that MAY be associated with the announcement bringing all the traders in to compete with the new investors......the price could go anywhere.
Time will Tell.