Anyone looking to refresh their memories on the Vale Option Agreement should have a look at the AVB announcement on 19 Aug 2010 which provides the details.
There are Regional Magnetic Analytical Signal map which provides a good picture of the areas of interest to Vale. Note the rail line going right through the middle of TN.
This ML is largely land locked by Vale tenure and it would always have been in Vales bigger picture. There also appears to have been little doubt to the prospectivity for Fe in this area.
Just a matter of finalising the deal now.
AVB Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
