The first drill results have created huge interest with AVQ accessing a smorgas board of expressions whether it be JV, Take off and Financing. The secret lyies with the data of these early results.
First drilling was completed and results returned from sample taken from the base of the ridge and the AV Ni returned 2%. Sections of the logs returned 2.5% Ni and above and I am interested to see the Geo's report on ore type in these layers. Also at the priferals (base of ridge) drilling returned minable and profitable Ni down to 20m with high Ni % in the 8 to 16m zone. If in fact, and this is were many are missing the point, these layers hint at a saprolite zone we have and are exploring one of the biggest Ni ore deposits in the world with all of the ridge still to explore.......and that's one ridge boys and girls!!!!
Simple, supply and demand, excellent first up grades in the priferals, possibly looking at layers returning 3% or better, possible saprolite ore sprinkled in the mix, dose not equate to a CR!!!!!.
I suggest all interested to again look at the results, where they were drilled, evaluate each section and the world demand in Ni. Just like a novel, the story is easy to read.
Looking forward to the next chapter, ie, drill results.
SMM is background noise and AVQ are moving on and yes, LMsupertrader, we can definately see why SMM had put out all stops to supress AVQ. Their own data and internal BFS mentions saprolite ore at Isabel.......interesting!!!!!!!!
This novel is hard to put down. Excellent read!!!!
Hope all LT'er have and awesome Xmas and a happy new year because its gonna be AVQ's year in 2015.
Post again in the new year as were boating over Xmas and new year and I'm sure we will have heeps to talk about.
PS;
Moariori,
Might get time to plot a course and heading from Sydney to Isabel Bay, Solomon Islands. Recon we might need one....Hey.
cheers M
AVQ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
