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211 Posts.
1
11/05/11
10:40
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AVB has a high share price considering it's not even producing yet.
It doesn't even have mining rights (that will be a catalyst for sp movement). A suprisingly large JORC resource would also be nice.
Its high share price is based on the assumption that it will intersect even more 50% grade copper and attain mining rights soon.
At this stage we have thinish layers of 20% copper - not the 50% fat layers we were hoping for.
Its true... we intersected 50m of copper at 1.5%... but i prefer 1m at 50% - lower excavation costs.
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