AVB
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0.00% 16.5¢ avanco resources limited

Hey PP,From what I understand, the Vale payment is binding when...

  1. Black_hole
    1,829 Posts.
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    06/06/12
    19:57
    Post #: 10275552
    Hey PP,

    From what I understand, the Vale payment is binding when they found enough resources.

    4. Based on drilling results Vale will pay Avanco a royalty for
    any in-situ JORC compliant iron ore resources in the
    measured and indicated categories.
    AVB Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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