Ann: Part 9B Native Title Agreement Received , page-5

Gunshow - As you are aware AXT used to trade at much higher levels pre GFC... i.e. around 40c (with a high of 70c).. From my understanding, these higher levels were reached due to optimism in the Xstrata JV and (what was then) the impending drilling campaign...

Since then however all that has changed is the passing of time and lack of drilling through disappointing delays..Now that the drill is onsite it is a near certainty that the campaign will go ahead we are past that, and I agree with you that the drilling announcement is imminent.

While it may look like a dizzy height from here, what are your thoughts on the shareprice moving higher than the 19-22c FIB zone on anticipation of the drilling results?