Club Mulgoa

Thursday, September 23, 2010

AVB

This AM, I re-read the 'exceptional high grade' announcement. The market has already lost interest in AVB and today, I expect a further fall. Yet, only half the drilling results were released. More to follow when the assaying has been done.

This is only from one deposit in the south (open ended, too!) and there is another large anomaly to the north in the same tenement with soil tested and found to have copper at >500ppm. Just as impressive is another tenement further north with great copper and gold grade from previous channel samplings (best is 4.3m with 8.9%Cu and 48g/t of Au).

Read the details yourself but if the share price dips, AVBOB is very appealing for further top-up for me (I prefer buying the options AVBOB - cheaper (good for arbitrage) even after exercising them). This is no longer a high risk investment because the large amount of high grade copper has been found. The risk is whether the price of Cu tumbles due to failing world economies. The dickhead who discovered Carajas (the world's largest high grade Fe ore open mine) should be castrated for not pegging or buying up the surround tenements a long, long time ago. They are all rich with minerals and gold.

http://imagesignal.comsec.com.au/asxdata/20100921/pdf/01099900.pdf

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