iron-ore-vale, page-23

Who knows, this may not be the last Iron Ore deposit that AVB found on their acreage....

We are what, third largest permit holder in the region. Whilst we are primarily focused on copper exploration with a view to production, there has to be a reasonable chance that more iron ore deposits may be found.

Adds to the potential that our company has to add value to shareholders as the company matures into a copper producer and directs further resources towards more wide spread exploration.

There is no doubt in my mind that Vale would want TN. It comes down to coming to an agreement between the two companies. I think that Vale will only do a deal now if they can get it cheap ie. dangle the carrot because know AVB want to fast track to production. If AVB decline the offer, Vale will just wait another 12 mths, why wouldn't they?

So it's a matter of TP doing the best he can to get a deal done now. Let's see what you can do Tony.

Uncertainty still surrounds AVB for now but I remain bullish on it future.

Good luck to all holders.