trindade north and vale, page-7

Nice post PoetPlus....

IMO,Vale paying $40m is very optimistic...minnows such as AVB are always at the mercy of bigger players.And the payment is dependent on an in-situ JORC compliant resource in the M&I category is it not?

When do posters think Vale will announce this?


Correct me if I'm wrong,but there is no time limit on Vale defining this(M&I resource)and therefore no indication as to when they may fork over the funds?

But if it did happen then it would certainly rocket the sp more than 4c (not because of cash backing but rather the perception of credibility)...IMO only...

Cheers all