Ann: Contact Reveals New High Grade Zones at CentroGold, page-32

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kingkev

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12/03/18

16:21

Post #: 31693183
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Originally posted by Kalenn ↑

I've done some preliminary attempts at calculating the grades and resource based on the new numbers we have seen this morning and I think people are in for some very pleasant surprises. I also think if you are a buyer then getting them before the 'official' word comes through could represent a 50% saving. Instant 1 bagger from that announcement given current apparent sentiment. Seems people can't seem to work out the risk on this (loooowwwww).

If you add to that the tone of the announcement and that fact they have stated that 'Avanco is working alongside the regulatory authorities and the local community seeking the earliest possible resolution' you get a sense of the pending cork being pulled and value being added that is long overdue.

I suspect AVB have added 500,000 ounces just in the 3 main zones of Contact, Blanket and Cheda Tugo. Mandiocal still to come as well. Possibly another 200-300,000 ounces. We have also lifted grams per tonne by quite a margin as well. If you look at the cross sections in the release you can see how the newly 'discovered' ore body lies directly below the artisinal pits. The grades are significantly higher and the zones broader. There is a lot of gold there...and kilometers of shear zones to investigate over time.

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No doubt the potential looks magnificent

"I also think if you are a buyer then getting them before the 'official' word comes through could represent a 50% saving". ...............keep that optimism in check Kal

Must be time for a spread sheet , displaying some optimistic outcomes...........I need that $1 by 2020 injection again...........I must say that I am also waiting for that SFR moment because certainly a plausible outcome IMO

AVB Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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Ann: Contact Reveals New High Grade Zones at CentroGold, page-32

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