YES!!! what a report!!!
1. 13-30 replicates that amazing hole 12-24. REPLICATES!
Depending on where it is exactly (will need to plot it) I think the increase in jorc alone due to this hole could be another 100,000 Cu equiv. They have hit paydirt in this area.
Will need to plot 31, 32,33
All is forgiven for 12-25 :)) hooray.
2. Noticeably this time the superlatives have been left out completely. (excellent, significant, outstanding.. etc). Just the facts.
I think the revised JORC, will actually be getting very close to 1,000,000 Cu equivalent, and surprise the market.
Very detached, comprehensive and precise. Very professional. Love it! THAT is more the AVB I used to know.
2. 1,200m so far in 2013. Say 6 weeks (including the immediate NY period.) That equates to near 10,000m/annum so far which is first rate... and if you allow for festivals, NY , etc this is great work! So the theory that the drillers were still in the pub was wrong.!
3. Stage 2 could be an underground project. No wonder the Feasibility is taking so long. The game changes constantly, and this is a new ball game. If it is entirely underground.. well, I aint going down their mine!
4. (-26), -27, -28 on wording of past reports would have been termed "excellent"
5. Candeias, Jussara South are looking very promising.... some excitement.
6. Sao Jorge and not Nova Esperanca was chosen for initial drilling. Interesting. Plus they have located the previous hit and hopefully will better it.!
7. More deals waiting in the wings. Every time (almost) AVB do deals they are brilliant. As they say the Xstrata properties bought for a very modest cost indeed represented Xstrata's most advanced Carajas exploration properties.
Great picture of current exploration, and hints at further growth through acquisition.
When one hears nothing there is a tendency to think nothing is happening.
I know such reports take up time, and that is a precious commodity.... but all this is worthwhile.
I think it just could not be better!!!! absolutely fantastic, and just because they left out all the superlatives, I figure don't be lulled into missing what this says I reckon.
First class stuff. First class company and I can see 2013 will be a bumper year for AVB.
THAT is what has made the impatient wait worthwhile. The crowd should be mollified!
How the market sees it is anyone's guess.. but I am happy.
YES!!! what a report!!! 1. 13-30 replicates that amazing hole...
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