the catalyst! more to look forward in the coming weeks/months. non-holders, well keep trying :) and good luck.
AVB CHECKLIST
RIO VERDE - Cu
assays for ARVD-83 to ARVD-102
updated JORC
Trial Mining Licence grant
SERRA VERDE - Cu, Au
start initial drilling, (per ann. 17/8/10) --aim of providing additional ore feed for the proposed Rio Verde copper concentrator plant. Serra Verde is located only a few kilometres north of Rio Verde.
assays results??
Negotiations to acquire additional Carajas copper properties are at an advanced stage (per ann. 30/7/10)
The Company has signed confidentiality agreements with a number of groups looking at potentially JV exploration programmes in the Carajas (per ann. 30/7/10)
more explorations?? potentially JV?? TRINDADE SOUTH - Ni
TRINDADE NORTH - IO
exploration permissions grant
payment of US$350,000 non-refundable by Vale
Vale to start drilling, at least 2,500m 1st year
assays results, mineralisation other than iron ore?? --both parties will renegotiate terms
Vale pays US$600,000 2nd year.
Vale pays US$1,000,000 3rd year
Vale pays ROYALTY for any in-situ JORC compliant iron ore measured and indicated categories
if all payments (to AVB from day 1) estimated at US$10,000,000 or more, Vale can exercise the right to acquire Trindade North for up to US$40,000,000
i've traded in/out few times and like many believers here, i still hold my core shares. agree, its a once in a lifetime opportunity.
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the catalyst! more to look forward in the coming weeks/months....
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