I think the main game are the Chinese. AVZ wants to flog itself off ASAP I'd say.
Best way is to provide a basis for the estimate of a large resource quickly. This is how the holes have been set up. It is merely supporting 50 years + of observations on this site. JORC does not matter as much to Chinese as it does to ASX players so I expect they will move in fast once satisfied it is going to be a large resource.
A JORC will come much later after the Chinese basically have control - which IMO is in progress right now. $20-30 million is an absolute bargain. Hayou could have close to 19.9 % for all we know.
AVZ Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held