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Many of AVM's peers were well down last night though - ie, first quantum was down around 5%. All largely due to Cu performance over night. Still, I bet a few good wines were put away last night. :-)

Reading between the lines from the conference call this morning, I expect a very significant upgrade of resources at kinsevere. Two more rigs ordered and should be available from early 2007 so there will be lots of exploration activity for some time to come ... and why would you not do this when $10 worth exploration has been finding you 1t of Cu?!

While on the conference call: did Bill sound relaxed or what??? He was so laid back that I was worried he might fall asleep at some stage.