1million ton copper target.(this will keep growing imo, certainly will with another discovery likely)
2 Pedra ore bodies probably connect
5000m regional drilling program to commence looking for new discoveries along strike of Pedra. Early auger results are positive. (this is how they have found all these discoveries, so its a great indicator.) You guys will remember all those new targets in that recent slide.
Fully funded for the whole of 2013 program for upto 4 rigs.
Pedra just gets better , wider and deeper along strike. (this must be the reason why they now have a million ton target) These guys tend to be conservative, so i would expect this target to grow into next year.
This sort of stuff is inline with my own expectations. It is coming together very well. I am also hoping that this sort of longer term mine life, provides a lot of comfort to a smelter, financers and the market in general. dyor
AVB Price at posting:
9.5¢ Sentiment: ST Buy Disclosure: Held
