Just a graph of the Copper price in Brazilian Real over the last 5 years.
It is interesting to see that BRL has weakened vs the USD a lot recently and BRL copper is actually nearing a 5 year high as opposed to the USD copper.
With Oil prices at near 56$ and local mining industry in bad shape (due to low iron ore prices for Vale), this could mean lower construction and operating costs once AVB gets finance. Should finance be delayed another 2-3 months, i dont see this as being a huge cost to the company as they only burn admin of less than 3m a quarter.
