Ann: OZL: IAF and Supplementary Bidder's Statement, page-59

This might be an opportune time to remind people that there is a proxy valuation out there by way of the market cap of www.erocopper.com and www.westafricanresources.com. The two companies together are a comparative for the copper and gold in Avanco Resources although there is upside in both areas for Avanco.

Their current combined market cap is approximately US$800 million.

Another piece on valuation that gives a little of the AVB picture.

https://hotcopper.com.au/threads/avb-share-value.4134430/#.WuzLLoiFMuU

Now that we know it is not only the denizens of Hot Copper that are seriously dismissive of the OZL offer some might find it a little more comforting to keep a stiff spine.

Unfortunately some have folded in to the offer WAY to soon, Poet comes to mind.