significant resources growth at antas north..., page-77

Black_hole....

...."4. Based on drilling results Vale will pay Avanco a royalty for
any in-situ JORC compliant iron ore resources in the
measured and indicated categories."....


What does that mean?...

How is the royalty determined? How are the drilling results determined?IMO,it's just too vague.

For those unfamiliar,Black_hole's quote above was from Aug 19 2010 ASX release

Question is,how long will it take to prove up M&I?

And then how long will it take for Vale to pay $10 million
or more to a max of $40m ?...And IMO,it'll be a miracle if Vale pays $40m.

It's all gobbledegook IMO...talk about confusing investors or is it just me?


Newland...Yeah,lets see what Wood does...I hope you didn't buy too high

niclou...I'm always looking for a trade

monako...No hustle from me ...just a contrasting opinion..Looking forward to your guaranteed announcement...may buy soon for a short term trade.
I couldn't give 2 hoots re grades/infrastructure etc. All I care about is sp.

Hope all LT holders have indeed done your research and are confident...just hope that you are all still in the money and haven't bought above 15


Cheers