Ann: Trading Halt-AVB.AX, page-111

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vespasian03

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09/09/16

22:44

Post #: 19063944
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Originally posted by Awoonga ↑

So? Established? Hello? Substation already on site is it?

I suppose the 60 kms of road from PB to AN is already established? The road from AN to the highway had two bridges in 10 kms. From memory that 10 kms section cost $5 million.
How much do you think that an all weather road from PB to AN will cost?
$300,000 a km would be a rough guess. That makes $18 million approximately. The road had to be built one day for processed ore from a copper plant to the highway not mine trucks to AN, surely.

Anyway, AVB has had 12 months to do a scoping study when most companies can do a scoping study, PFS and a DFS within 12 months.

Oh I forgot, there been outside events beyond AVB's control like the commodity price. Every other company has the same problems and they seem to manage to move much faster than AVB.

Even AVB admitted that while AN was being built that the focus was shifted from PB to AN. Now 12 months later we get a Scoping Study for PB. Not a PFS, not a DFS and not a decision to mine. All promised by AVB to be delivered before now.

What have they been doing for the last 12 months? Don't say building AN because they paid good money for others to do that for them.

One more thing. AN was NOT delivered on time and on budget. The 3 CRs cost $105 million and AN took 11 to 12 months to build and only $20 million left over.

Not 6 to 9 months and $50 million. (All dollars in $AUS).

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"The road had to be built one day for processed ore from a copper plant to the highway not mine trucks to AN, surely."

Nonsense!

AVB Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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