AVB 0.00% 16.5¢ avanco resources limited

plan and simple, page-46

  1. 56,615 Posts.
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    Hi Dorc. Have you worked out how large the HGZ may be? The total resource for the HGZ is 210,000t @ 11.65% (inferred 121,000). The expectation via the current drilling campaign is to prove up the HGZ only. The rest of the deposit looks minor but if they can push through a sucessful feasibility study, they might be able to produce with all the associated costs.

    I'm unsure about the current market cap atm as for me d/ts may not have this understanding regarding the size as it appears to be replicating assays, to some extent, from the 2008 drilling programme.

    It's highly probable that the remaining assays will be exellent, but I'm also unsure about the total relevance regarding the size. From my perspective, it's a very small high grade deposit with flashing headlines.

    The short term SP may shoot up on the remaining results, but I think it may be sold into.
 
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