Yeah good point about the grade/ resource size Awoonga. Not surprised at lack of price movement because we knew this was coming and that it would be good. Given the long run of drill results from PB- which were OK but not astounding and I felt were quantity over quality- having the grades come in so good was a very positive surprise. Looking forward to seeing how PB-E grows.
No rerate until China works iself out and the Cu price stabilises. I know we've discussed the copper macro here endlessly but: copper is not iron. Supply limitations particularly at good grades will limit the price downturn eventually. Unlike iron where there's still heaps of good cheap supply around.
AVB Price at posting:
7.0¢ Sentiment: None Disclosure: Held
