Lets step through it: 1. global resource increased to 52mt @ 1.27% cu and 0.32g/t gold. Gives is a global contained in-situ inventory (inferred) of 661kt cu and 527 k/oz au. Note that the gold is rocketing up faster than the copper. Also, while not in the global resource, the silver is starting to come through at PB as well - 729 k/oz of ag. 2. PB - mineralisation is thickening and still open at depth! JORC now stands at 31mt @ 1.27% cu , 0.33 g/t au and 0.73 g/t ag. Mgt notes the that a 'continued and substantial resource growth is expected' from here! So if it doubles, PB ends up +1mt cu equivalent resource by itself. Because it keeps thickening, the resource growth should be exponential the deeper it plunges. 3. Now here is one for the naysayers - new deep drilling is showing widths of +40m - to quote mgt 'this bodes well for the application of large scale u/g mining techniques'. 4. The hole being quoted is APBD-12-16 49.05m width (@ 1.6% cu) ... monster hole. 5. The to cap it all of, APBD-12-18 is double the typical grades that have been found in the west, suggesting this could replicate the higher grade zone found in the east.
Happy days, we've hit our 600kt feaso mark and then some ... look at the gold and silver. U/ground starts to stack up b/c of the increasing width. PB has great potential to have a much higher JORC from here with minimal drilling. Mgt is smashing this one out of the ball park.
I'm holding this one through to production now, day traders or not.
AVB Price at posting:
7.9¢ Sentiment: LT Buy Disclosure: Held