why not above $1 achievable, page-7

SFR has JORC 600k tn copper if AVB can double the high grade to 50k tn this will give them around 200k tn plus lets say some gold credits plus the $40mill from Vale, probably best case scenario will be 0.30 at this stage. At this very moment based on copper and gold only share price should be around 0.14 IMO. Figures I am using 2.68/lb copper ($1.00/lb capex), actual in ground value of 10%.
This is very early stages and once an aggressive drill campaign takes place this will be priced correctly, I feel the company will use the Vale deal (once finalized) to launch this program, then there will be the bonus of the oppies conversion which will give them another $3.5mill.