Another approach might be to form a JV (or partly owned company) .... Xstrata 49% and AVB 51% .... to hold all the Nickel assets (Touro) and the Conceicao PGM project. This saves the hassle and high cost of trying to float these limited assets which in themselves may not be sufficient to excite investors.
AVB contributes the prospects incl. drill results to date, plus high quality management..... while Xstrata contributes the capital/cash $funding for drilling.
At least that way Something is happening with these assets.
The advantages are clear. They can be activated instead being unfunded and sitting there uselessly. Then if the Ni-PGM program hits paydirt, everybody wins.
Also AVB stays more as a pure copper company. AVB is then effectively doing more exploration for Xstrata which seems to be what Xstrata like. Posters have referred to AVB being an exploration arm of Xstrata.
So 51% of an active and hopefully very successful non-copper exploration program might be better than 100% of stuff sitting in the in-tray permanently.
A little bit if constructive thinking maybe.
Just need to convince Xstrata. Go TP!
AVB Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held
