Nice calculations, TP also added that Vale are building Serra Sul at a cost of 12billion us dollar, apparently the road that runs straight past Rio Verde from Serra Sul deposit is getting some serious upgrade at the moment and a lot of the infrastructure as well, with both of our near term deposits AN and PB still open its highly likely your calculation are on the low side, TP also added that another tenement that AVB acquired from Xstrata looks promising, its the one to the north east of PB, SM also stated that the ore in places at PB started at 12m depth, apparently this is quite shallow for sulphide ore, and he also stated that all the intersections so far drilled at PB are mineable. Copperroads also talks about the deep Copper Sulphides yet to be drilled, going on other deposits in the vicinity we should be still finding it down past 700m depth. In another conversation with SM, I said that theres got to be another pipe feeding AS, and he said thats he thinks that there is but they haven't found it yet, so with a bit more understanding of the geology with more drilling its highly likely that AS has more to offer when it comes to the JORC numbers.
IMO AVB will end up with more reserves than SFR within the next 12 months DYOR.
AVB Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
