AVB 0.00% 16.5¢ avanco resources limited

avb has excellent real estate! :) stay +ve!, page-4

  1. 230 Posts.
    Nector38...
    There are some interesting points to make regarding the parallel stories, notwithstanding the differences in geology...

    Sandfire took from April 2009 to February to define a maiden resource...albeit SH need to be strong on belief and very patient...since 200,000m and $78 million drilling program finally delineated the av 5% cu grade across all conductors and near surface super gene chalcocite and oxide cu plume zones [above], 93% Mineral Resource to Ore Reserve conversion of contained metal and 480,000t payable copper and 270,000oz payable gold producing the final DFS...The strike zone only 1.5 km long...
    It wasn't until Sandfire got down to between 425mRL and 325mRL [minus] was the Degrussa Chalco Pyrite Lode and the C1 Chalco Pyrite Lode fully delineated...[ie allot of deep drilling working out where all the feeder systems were coming from]...It is also interesting to note World Recoverable Ore Yield Grades is declining to less than .5%Cu...Also, while World Cu demand is rising to 5% in 2020, Greenfield Cu discoveries are only increasing 3% to 2020...

    AVB on the other hand is only 8% into a preliminary 50,000 m drill program...knowing full well a absolute minimum of 100,000 meters are needed to be drilled...even after the last 3 ann's, it would be entirely premature to make trading decisions based on the vagaries of the daily nominal SP fluctuations...
    ALOT of drilling is required to connect all the dots here...As an example, the interesting part of the Capavira ann testing the perimeters of the Oxide Cu plumes in relation the Cu soil anomalies, hints at more than 5 km of primary Rio Verde zones including Paulhinho, Antas North, Antas South HGZ and Capivara....


    You said correctly, "AVB's share price will lift when they begin to find where the HGZ copper actually originates from deep below! The low grade between 0.5% Cu to 1% Cu deep mineralisation is what they will find! They just need to KEEP DRILLING DEEP..." Hence developing a definitive regional Geology Model, Mapping and Geophysical Interpretation and a Detailed Ground EM Plan and AEM Conductor Grids...And in relation to the Serra Verde Zones if the mineralisation extends below and ASVD-21 hits this then we are DEFINITELY set for a very interesting times....

    "Especially since the price of copper is still sitting at $9700 per tonne and the cash cost to mine the HGZ mineralisation is expected to be below $1200 per tonne" and also since this style of deposit potentially will garner an IRR greater than 30% [Sandfire = greater 100%]...and we won't know how big NPV gets till IMO 100,000m drilling later...

    As difficult as it is, IMVHO... LT SH's need to be really patient and stick to their guns under overall negative Global SM sentiment and short sellers dumping the SP....Alternatively DYOR...
 
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