well well well, page-58

"It's fair to say that the chairman has shown his strategy of identifying resources and then selling them off before mining even starts"

Well I'm not to sure if that is exactly the case of what's been shown here. There's been no selling off on AVB's front however Xstrata have effectively mitigated their risk by passing over the costs of any further exploration to Avanco whilst still retaining exposure to any further upside should it be brought forward into the future.

So AVB has inturn sold nothing (as of yet) but have obligated themselves to pour in further capital to explore the potential of further upgrades.

It's a tough call people here where throwing around (highly optimistic) figures on the current resource AVB had in the ground at Antares so how do those same figures stack up now when looking at the fact Xstrata just offloaded a similar resource to AVB for $11M ? ? and (Xstrata) reduced their obligation to input any further money to the project while still holding a blocker card should anything eventuate.