new drilling into several new high quality targets. Pedra stacking up as 2 seperate high grade underground mines with lower capex requirements. Pedra looking like 30,000 tons pa with 10 yr mine life. Company expecting to do another high quality deal in the copper space this yr.
Genral stuff DML bid falls over and that makes me wonder if the Chinese wont be looking around for another target. I would have thought that AVB was a higher grade copper play than DML anyway. Far more upside as this announcement suggests. All in all,. the update is telling us to watch this space and the company will probably find us another copper deposit for good measure imo.
dyor
AVB Price at posting:
7.6¢ Sentiment: ST Buy Disclosure: Held
