FR, I think there is a general sell-off of stocks, and junior miners being more volatile, are being hit harder. I'm not sure what is driving the general sell-off, but I think it has to do with the prospect of interest rates rising in the US, Australia and elsewhere, making comparative returns less, and o/s investors cashing in on the high AUD.
I see ABZ as a two to four year play. I think it will take that long to get cashflow. They have enough cash to complete exploration, and maybe a PFS on Taralga. But a DFS and mine construction will probably require more fund raising. Although there is the possibility that they may sell off one or two of their prospects in order to raise the cash, or get it from a farmin partner.
Cheers,
RF
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