what changed, page-6

g'day redned,

You're welcome. The drilling will / would take months and more money than they currently have. As BOB's are converted their coffers get filled gradually which helps. The mismatch from ord shares to Bobs make the conversion logical so I think it will continue. I read the other posts on funding and others - and supported them with t/us for effort and quality as deserved.

AVB is getting themselves into a very favorable position - I really mean the game has changed now. They have $250k to come from Vale shortly as well. Their new status will enable them to do a Sophisticated Investor (perhaps cornerstone) CR for short term if required. Great point redned.

They can also direct ship this first HGZ which is what I would do - get some big (for junior) bucks in the bank and then get aggressive where they have proven outcrops / more Cu HG resources - bring them up to mine-able with close spaced drilling as they build a mine plan to take the whole lot. Low grade and high grade, depth extensions uptested as of now etc etc.

I will ask the ME on the DS question but suspect he will say they are close to the TM license, the JORC upgrade will enable a mining contract and then it is straight forward. Possibly in production in Q1 2011. The more difficult env paper is in so not hard or slow from here. I mean the drilling is already done so the new model is not hard to figure out or verify.

I am not concerned about the new results from drilling at this stage there are some important steps very close now that mean more to proving and de-risking the project now. Once this company starter is in place they can proceed more rapidly to make AVB into something substantial. This is close IMO.

Wilson - this is why the buying patterns have changed - the big boys can move in now that the game has changed. Stay tuned on AVB - when I see continual RSI readings like this I have a really close look and I really like what I see shaping up here.

Daily Slow Stochastic looks like it will cross off bottom now as well - great picture. Great care needed to ensure this pattern does not break down so take care and DYOR.

Now back to work - cheers,
CW