AVB 0.00% 16.5¢ avanco resources limited

Ann: Pedra Branca JORC Resource Upgrade, page-36

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  1. 6,689 Posts.
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    happy Hippy,

    The good news is that the resource went up in size (East + West) even though the cut off was raised. The opposite happened to AN. That's the good news. No "game changer" as such. A JORC just adds more confidence. That's all. The exciting news is to the east where the extra drilling is underway. Will this be a game changer? Probably just more good news.

    As frustrating as it may be, it will take a swag of good news to move our share price significantly. Doesn't mean we shouldn't expect modest gains in the meantime.

    Big difference is that AVB doesn't need a new discovery to be a miner. Of course a significant discovery from the regional exploration would be a game changer because of this fact.
 
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