The hole above 44 is NRV-00-02, 59m @ 0.69% Cu. Refer to page 4. No idea why it is named different and not showing up in drill lists.
Hole 44 75m intersection and 1% copper seem to match the description of 50% wider and higher grade when comparing to NRV-00-02. Definitely not 3% copper but management had underestimated the chalcopyrite content before with 4% chalcopyrite estimation giving 1.5%+ copper.
From today's announcement, the management made it sound like vale payment a sure thing, our copper capex depends on it. Management would not rely on this unless it has a high degree of certainty to it. Another thing that I am excited about it the 30000-50000 mta production, this would put us inline with companies such as CDU who are 5 times bigger in market cap!
AVB Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held