have they really discovered anything new?, page-7

The announcement clearly states that they will upgrade the resources. Additionaly, there is the extra supply from the nearby deposit to be drilled soon. Plus at the lower cut offs the tonnage is far greater. Plenty of copper imo.

"Avanco now believes that intersections containing +25% copper are associated with the presence of abundant chalcocite mineralisation (Cu2S) and represents a classical supergene enriched transition structure hosting both sulphide and oxide copper mineralisation. Cognisant that such extremely high grade copper systems are usually structurally controlled, the Company proceeded with a close spaced infill programme using tight drill lines to assure greater confidence in upgrading resource categories. The company has the expectation of moving the high grade zone into measured and indicated categories which will underscore the high value of the exceptionally high grade, shallow and easily exploitable nature of the deposit"