Looking back at AVZ November presentation they were aiming for approx. 230m wide intersection. So the estimate was out by approx. 28% (Woo-Hoo! For all us holders). This must mean a huge uplift in resources/reserves to be announced in the future.
Theoretically, this should be good, not just for us holders, but also for the Congo population as it will create stable employment in a mine that will no doubt be operated with safety in mind and also contribute $ to both the Congo & Australian Governments via royalties/taxes. And help to drive growth in environmentally friendlier vehicles. Winners and grinners all round, I think.
AVZ Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
