Just did a comparison with Peer BTR's costs from their Botswana Cu Deposit where extraction costs are a estimated at $1.49/Lb...
AVB Stage 1 is expected to be $1.15 (with Gold credits) that is compelling... !
All sellers can be "happy" with the thought they dumped a stock which likely to be amongst the lowest cost Cu producers (and therefore the most profitable) on the ASX. ...Well done!
Drilling (5-10,000 m) Starting next week Q1-Q3
Jorc increase in Q1
Scoping Study Stage 1 in Q3
Stage 1 Finances has to be Q2-Q3 IMO
Jorc Increase in Q4
Govt Approval in Q4
Low cost Producer in 2014 Q1-2 ?
Best of luck to all I continue to hold...
AVB Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held