Info released by the company already supports a 1 billion tonnes resource...and this does not represent all of the identified zone on their ground.
Market is just waiting for confirmation in my view, before paying up to the next premium level.
Hard to say how far it will eventually run, but the recent run may well be considered part of the overall re-rating price rise by the market, so news-day may not be quite as big as it otherwise might have been.
By the way...someone with a hammer in this today...spending shares to keep a lid on it as much as possible when buying interest appears...been happening to a lessor degree all week, but more obvious (desperate?) now.
Most at-market hits have been instantly followed up with a sell into the buyers..and I mean auto-bot instant...a somewhat interesting strategy at play.
Good luck all, it has been a nice ride this month...and it does not look quite over given the nature of likely news ahead.
Cheers!
AGU Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held