Staunch So let me get this in perspective SIR have a 70% owned project with 100klm of prospective strike over a 1500 sq KLM tenement and have identified 4 EM targets in a 7 sq KLM area ,one of which may produce a non JORC 9.6MT @3.8% Ni, have less than $2Million cash and are valued at $463 Million.
AVB on the other hand has 2588 sq Klm of Tenements the majority of which are 100% owned, has 5 times more cash at hand, plus the possibility of a further 10 - 40 million cash to come, a JORC compliant 661,000 tonnes of contained copper plus gold and silver credits and is valued at $94 million. The market is putting a lot of faith on the 100 klm of prospective strike but by comparison AVB has proven strike lengths at Antas South of 2klm, Trindale North 7klm, Agua Boa 14klm,Touro 5klm x 1.5klm, Conceicao 10klm, Nova Esperanca 7klm, Pedro 2.5 klm, Alagoana 1.5klm Sao Jorge 2.5klm, Pedra Branca 1.5klm and Antas North 1,5klm. There are also over a dozen other sites as yet to be tested including Marques where there are 7 VTEM anomolies alone.
We are also spitting distance from 5 of the top 10 IOCG deposits in the world so just based on nearology and a little bit of SIR hype we should be trading at $2. One thing is for sure , I sleep well at night knowing the value of my investment. Pity those punters that bought SIR at $2.77 unless they are lucky enough to strike the mother lode
AVB Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
