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37,911 Posts.
828
10/12/10
23:31
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Ondjou prospect has 10km strike potential
target is 1,250m tonnes or say 1 billion tonnes
PLUS
Delineated a sizable initial Exploration Targets:
* Lower grade (20 to 30 %Fe) - Hammerhead ~ 900 Mt+ (mid point)
* Higher grade 30%+Fe - Thresher ~ 150 Mt+ (mid point)
total magnetite target is 2 billion tonnes
2 billion tonnes @ 10 cent per tonne = $200m market cap
option money gives AVZ enough funds to prove up 2bt over the next 2 years or even 18 months
$200m divided by 137m shares = $1.46 share price target
plus AVZ have some speculative base metals tenaments
this post is not investment advice
please... DYOR!
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