Ann: High Grade Zones Drilled and Validated at Antas, page-49

Agent Cooper,

Thanks.
I'm still optimistic for AVB but not as much as I was 3 years ago or even after the AGM this year.
Reasons are a growing combination of disappointments as far as seeing a return in a year or two depending on when you want to start the clock again.
There's the time factor.
Then there's the dilution.
Then there's management admitting to us poor shareholders that we won't see value until PB comes into contention.
Then there's a cloud hanging over how PB will be funded.
Then there's the 10c director options that don't expire until mid 2018.
Then the touted exploration has fizzled.

On top of all of the above we are seeing a copper price below $2.30. That's roughly 1/2 of the profit that can be made if the copper price was $2.80.

What's it all mean? The best case after many years is that we need to wait even longer.

Finally, for the new comers, please don't say it will all come good next year because we have heard that for the last 3 years.