Musi,
I would also like to know, however given they will successfully raise the capital, my understanding is that because most of the copper JORC defined resource is in the inferred category, including the HGZ copper, AVB will do what is necessary through further drilling and assaying to move this inferred resource to the indicative as well as measured categories. Along the way they may well increase the final defined resource, as well as they know there is copper in the Antas North target but I do not think they have drilled there.
Upgrading the JORC defined resource in this way will improve the SP as well as easily provide debt financing as is the case for may junior explorers when they have resource defined as measured/indicated. That's why I think they are saying they will make a production decision in Sept and when you think about it can make a lot of sense.
JJ
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