can only laugh more at the Little Fella's post, where he states currently AVB has a copper inventory in ground of 84k Tonnes valued at $700m.
84,000t x 2204 x $3.50lb = $650m in revenue.
Please do not forget there are costs.
Worst of all, AVB's current investory is 17.6 Mt at 0.48% copper containing 84,400t of copper.
REPEAT: low grade 0.48% copper, which is basically worthless.
To me, AVB is just a speccie.
Drilling for more copper around a former mine at Serra Verde and hoping for billions of tonnes of iron ore based on two rock chip samples returning results of 50.2%Fe and 54.2%Fe.
The iron ore looks good. Could be a company maker.
As for the copper, personally, I am compelled to wait and see.
Rio Verde, currently worth 9 cents in long term cash per share.
why not above $1 achievable, page-32
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