response to phil, page-3

Share price: I have no idea.

Prediction: they will never have a profitable mine. They are planning a Stage 1 sand pit to generate some cash flow, but I don't believe their mine will be financially viable. It all gets down to whether the extensive modelling done based on the drilling to date proves to be accurate - this is a common challenge for many small emerging producers....drilling and assays and modelling try to predict a resource/reserve size (PFS & BFS work) but as all of us here who have followed the resource sector for many many years already know - the proof is in the pudding. Mining is a tough gig.

I have no reason to doubt the intent and endeavour of those involved in the Avanco project but it is no sure thing - nothing ever is in mining. My assessment is nothing personal against those involved, I just don't think - from a purely pragmatic point of view - it is that good a project. Some big names have walked away from taking a share in this project.

The other side of the argument is the one put forward by the long term true believers - and if AVB DO end up having what the modelling says they have - i.e. - the copper proves to be continuous along strike and easy to extract at the production costs they estimate (no cost blow outs) - then people are going to be adequately compensated for the risk they have taken on board, and it will be very happy days and Awoonga - in addition to being a rich man - will turn a nice little profit on the side selling headwear with sponsor logos on it. :)

I hope that answers your question.

Regards Coop