I wouldn't be surprised if "Stage 2" fizzles out and we first end up with an AN style mine at PB east as well as a small mine at Antas South (or at least some method of monetizing the AS deposit).
With eventually all profits from the above 3 projects going into fully developing and expanding PB's deposits and probably AN's as well (there is more copper at both I reckon).
Management has pretty much suggested recently that they are exploring this approach... and in the current economic climate I am glad that they are. High grade..low capital...low cost has to be the best approach currently.
Keeping in mind that AVB are now experienced in developing this size project. And Kalenn I too believe that there will be a fair chunk of AN budget left over to use as a deposit to kick off the next project/stage.
AVB Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
