why sell, page-4

I am a holder and have considered this stock to be undervalued

Let me put things in perspective

Indophil (IRN) has a jorc at 2.49 billion tonnes 0f copper at 0.5 % copper at 0.2 cut off grade
Poor levels but massive deposit
It ahs 490 million shares on offer and is about 40 c
Which equates to 1.25 million tonnes of copper
Current value of copper = 12.7 million - input costs
This equates to $48 minus input costs which because it was a low grade mine will have its issues
Ask meribela resources about low grade mines
High input costs

So avb has 17 milion tonnes at 1.17 % copper which is double indophil grade copper
This equates to 198900 tonnes of copper
At current value of coppper = 1.7 billion - input costs
Big big difference woundn't you say
Still with an increasing jorc anything is possible
Based on those figures it should be 1.90 stock minus input costs which will be considerably lower due to closer proximity to the surface including potiental upgrade if they find that south joins north (east joins west haha)
Definately undervalued





But still both companies have to dig out lots to get bugger all copper