whats worst case cash backing?, page-21

To be honest, I don't have one because I don't find it very useful to make these valuations based on a resource in the ground....until its dug up and sold, it's meaningless to me.

I will continually reassess my position in the light of any or all new information which comes to hand.

AVB has a defined resource and, to this extent at least, it puts it ahead of those explorers who have found nothing.