iron ore update, page-13

I totally agree with what you have written PP.

They must have hit some serious widths to already be preparing a resource statement.

"Vale has received sufficient drill results to prepare a resource estimate which is being validated by the Company."

15 Diamond holes and 2,600 meters after they already appear confident there is a considerable resource on the license.

They must have been drilling down to depths in excess of 150 meters. It will be interesting to see what they come up with. I'm starting to think that entire 40 million is looking very likely for AVB. With a market cap of 90 odd millions with 21 million at bank does it get any cheaper?

This relationship with Vale will only get stronger and I'm certain they are also watching our copper exploration with interest.