"With the Stage II resource believed to already exceed that required to support the 30,000<35,000tpa of copper production objective, drilling is being scaled down".
OK, sounds like we have MORE than enough Cu at Pedra Branca and we could expect scoping studies to be progressed IMO.
No more drilling at PB also preserves capital and frees up rigs to work on Sao Jorge and Serraria which look very promising.
AVB Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
