vale copper deal, page-204

Slow down Kingkev, your hyper ventilating.

Yes, Vale do like copper and do operate two very large copper mines in the Carajas. But, you need to understand that Vale are only interested in large scale projects with capex in billions of dollars. Pantera is highly prospective for a small to mid tier miner such as AVB but not to a gorilla like Vale.

The current drilling program is aiming to deliver a maiden resource at Pantera and AVB has always stated that each project in the pipeline will be larger than the previous so I expect it to be better than Pedro Branca.