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16.5¢ avanco resources limited

Ann: Quarterly Cashflow Report-AVB.AX, page-22

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Kalenn

10,590 Posts.

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29/07/16

18:12

Post #: 18402935
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Originally posted by vespasian03 ↑

I found this paragraph much more interesting than a couple of recent rather repetitive posts !

"The updated Pedra Branca East long section, following the last phase of drilling
and resource modelling, indicates that the plunge of the orebody is shallower than previously interpreted.This indicates that further growth potential exists
along strike to the east, as well as down plunge.Furthermore, a shallower plunge
indicates the ore body extension is closer to surface."
.

Expand

and along that strike is the anomaly they have been curious about for a while...

Now that they have cash flow, looking forward to an increased spend on exploration.

Guess we'll have competition between the money for building PB v the money for new exploration.

AVB Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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