Next set of results ...gk, I don't think I answered your questions very well.
Let me try again because I believe it's important to have reasonable expectations re: the next set of drill results.
I would guess that most of us who hold a position in AOX read about the historical resource at SUN. That and the management team made me a buyer.
But there's a big difference between SUN and NOT's DE property. I have held NOT since November 06 and DE was a complete and total surprise to every NOT long I've encountered. Most of us had it pegged for Windfall, Burnt Hill and Hunters Point. DE wasn't even in the back of anyone's mind when the news came out.
So, one factor that led to its ascension was the total surprise of that Double Eagle property. It attracted a lot of new investors (allow me to state the obvious, lol). What attracted them, however, was the outrageously good grades and lengths of the initial drill intercepts at DE. They are truly incredible.
And those grades/lengths have many investors, both retail and insitutional, imagining a huge deposit and potential camp at McFauld's Lake. The upside potential is massive. Hence the continued strong movement of the share price.
There's also the nickel factor. There aren't many new discoveries happening and nickel has a certain cache in Canadian mining with the Sudbury Basin and Voisey's Bay. That definitely contributes to some of the obviously positive speculation going on.
Returning to AOX's SUN property. I think we're dealing with a much different situation that will see a gradual improvment in AOX's market cap. I would expect that it will move up gradually over the next 12 months as they prove up the historical resource. At some point, they will prove up just enough to see AOX catch fire. But I believe that that is a long way off -- 1 to 2 years. Management's experience and connections will be critical in this development.
The only thing that I'd see changing that projection are broader market conditions. It may happen in the next 2 years, that a maniacal boom hits the mineral exploration and mining sector. If and when that happens, AOX will be a very attractive target for investors and it should give a big boost to the share price fairly quickly.
Sorry for the long and rambling post. I hope this helps more than my last one.
Cheers, franz