AVB 0.00% 16.5¢ avanco resources limited

no rerate on this announement, page-20

  1. 1,034 Posts.
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    Aman - have to correct you.....

    AVB released it's initial resource in January 2009. At the time it was described as an exceptionally high grade resource of 210,000 t at 11.65% copper containing 24,400 t of Copper.

    At a 0.3% cutoff it was 8 Mt at 0.83% containing 66,100 t of Copper.

    At 0.1% cutoff it contains 84,440 t of Copper.

    This was only the Antas South Deposit. A lot of high grade drilling has taken place in the last 3 years and in an estimated three weeks I am hoping for a JORC resource 3 times as big as the last one. The facts are clear.

    From now until the JORC shut the bottom drawer and hold your position. The high grade zones alone and the increases in them should be superb. Good luck and sit tight.
 
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