carajas stage 2 update announcement, page-16

Glenn_Archer said:

"regulatory risk is a massive risk. if the drill results had been knocked back then PB was back to stage 1 and you would have to write-off the exploration costs etc.

this is the game and it is definitely a material event."

Exactly. Post of the day. While some still want the short term fix, the company continues to focus on what is required and is getting the job done. Once people get over their disappointment that the announcement wasn't AVB's Sirius moment, understand that this is a significant step in the regulatory process (most have little idea how hard it is to get this stuff right and AVB are getting it done)and another important step to perhaps an even bigger prize beyond stage 1.

Assays next? Mining licence stage one?

Smart money will be seeing how AVB are going about this and be impressed. The Board said at the AGM they are planning meticulously for the long term. More proof with this announcement.