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16.5¢ avanco resources limited

Ann: Quarterly Activities Report, page-3

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philh9

11,731 Posts.

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29/01/16

13:45

Post #: 16895646
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Originally posted by Kinzu ↑

looks good. management reaffirming on track for commissioning this quarter and within budget. Blackrock is firmly locked in now having drawn from their 12m$ USD. Power energised.

good results from PB drills. They are thinking of going for a smaller east only production route which would mean lower capex. Can be expanded to a larger scale down the road.

if they can cut PB capex down to less than 50m then it would be a great result.

Offtake in final stages, with first 500T already committed to be sold on spot. No rush to finalize deal. Always have buyers for our quality concentrate.

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Should any of the AVB team be looking in here.

Congratulations on meeting and exceeding the build program, a most professional performance to-date.

Rgds
Phil.

AVB Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
26 Upvote

0 Great analysis

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