AVB
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0.00% 16.5¢ avanco resources limited

Ann: Results of Annual General Meeting , page-76

  1. rooster12
    904 Posts.
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    04/12/11
    21:03
    Post #: 9389317
    4. Based on drilling results Vale will pay Avanco a royalty for any in-situ JORC compliant iron ore resources in the measured and indicated categories.

    What if Vale perform only cursory drilling for a largely inferred resource?
    Does that mean AVB dips out with minimal royalties?
    AVB Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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