AVB 0.00% 16.5¢ avanco resources limited

anns prior to qrtly reps, page-124

  1. 24,192 Posts.
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    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...
 
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