AVB avanco resources limited

have they really discovered anything new?, page-6

  1. 647 Posts.
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    "So for the sake of the exercise, let's say the % increased from 11.65% to 15% copper. That increases the copper resource to 31,500 tonnes, an extra 7,000 tonnes"

    Alright for arguments sake, however i find it hard to fathom given only 1 hole in the drilling campaign has so far exceeded 15%.

    "That equates to an extra 14,000,000 pounds of copper which, at $3/pound is an extra $42,000,000."

    excluding the recovery factor, operating costs and a discount factor.

    other than that, I guess I agree.

 
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