AVB avanco resources limited

significant update, page-12

  1. 10,609 Posts.
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    Totally agree Glen.

    Quick eval of announcement:
    Grade continues to impress, 2% plus over good metres backed up with LARGE zones of almost 1% The results for APBD-12-30 show that the earlier miss at APBD12-25 have been put behind us. This hole is 75 metres along from APBD-12-24 and holding grade consistently at least via visuals for SM. This is actually fantastic news. The "slow bending..." to join up with the eastern side indicates that these grades and thicknesses are probably going to meet up...

    and APBD-12-28 wow, 9.20m at 2.91% Copper, 0.93g/t Gold,

    "Stage II may evolve into a solely underground project with prospects of higher grades, reduced capital and a significantly better NPV...."

    So probably a second inexpensive plant to follow up stage 1 in QUICK time and we could be on 40,000-50,000 tonnes in not a lot more than a year.

    Comments about study are very reassuring as well.
    " ...Feasibility Study ... now close to completion and news flow regarding Stage I study outcomes anticipated soon."

    Getting a sense for why the director's options that seemed so far out of reach might actually get into the money yet. Good luck to them and us.



 
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