AVB 0.00% 16.5¢ avanco resources limited

conditions precedent, page-87

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    I don't understand Agent Cooper, why the mining experts have gone to the bank not worried about an inferred resource only, and why the banks didn't seem to worry about it when offering $58m dollars? Is there an assumption outside JORC that the resource is consistent enough to bank on? I didn't see where infill drilling was a condition precedent?
 
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