agm presentation, page-19

Why the assumption that the whole 157m would be sold on-market? That wouldn't be the usual modus operandi for a fund manager/sophisticated investor. It is right to consider the overhang issue but a bit paranoid to expect 100% to be dumped b/c of a 25% paper profit.

The copper outcrops so it will not be hard to find a few juicy hits or two in the near term.

The success of the whole campaign will be the longer-term driver of AVB and there is a decent opportunity for a re-rating IMO.