"So for the sake of the exercise, let's say the % increased from 11.65% to 15% copper. That increases the copper resource to 31,500 tonnes, an extra 7,000 tonnes"
Alright for arguments sake, however i find it hard to fathom given only 1 hole in the drilling campaign has so far exceeded 15%.
"That equates to an extra 14,000,000 pounds of copper which, at $3/pound is an extra $42,000,000."
excluding the recovery factor, operating costs and a discount factor.
other than that, I guess I agree.
AVB Price at posting:
6.7¢ Sentiment: Sell Disclosure: Not Held