Looking at AVZ announcing the estimated resource in CdL plus still having to disclose to results of the last drilling of RD, plus the effect on the reserves of that section, it could well be that AVZ is getting ready to head into that direction by slowly releasing the real resource quantity and quality in 13359 in its entirety.
It looks like the total reserves will be around 700 million tonnes, with CdL not drilled out.
Maybe it is just a wake up call for the DRC to make sure they understand what could be the claim made against them.
Does Zijin wants to pay the real price? No.
But taking in mind that it will give China a huge advantage over other countries, they know they will not get this for US$33 million and a few brown paper bags.
The coming DRC election will also be interesting.
AVZ Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held