Power, water, sealed roads, towns, accommodation, and smelter...

Power, water, sealed roads, towns, accommodation, and smelter are all within a "stone's throw" of Stage 1. This is a significant advantage that I don't believe has been appreciated by the market yet. Same as the fact that we have 1 million tonnes of high grade copper and gold starting almost from bottom of the tree roots.

Nor does the market see what Glencore and BlackRock clearly do.

We talk about significant milestones that will rerate AVB such as Mine Licence and Finance approval but what the market really wants is confidence that AVB will dig the copper and gold out of the ground.

Maybe we have to wait until the first truck load goes to the smelter. No, it will be before then.