First time I think in a recent AVZ presentation reference and numbers given to CDL and Exploration Target.
Did everything notice page 19 in the Capital Raising Presentation, first bullet point? :
Very interesting to me, as I have always included CDL MR, but "double tonnage" makes the number clearer!
I'm reading the Exploration target of 1500 million tonnes as RD 400Mt, giving CDL 435Mt, since using the same OR/MR ratio of 23% (93/401) yields a clean MR of 100Mt for CDL. That leaves 665Mt for all the other areas along the "Monster" 13.5km strike. MR = 1500 - 400 - 435 = 665Mt
AVZ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held