Ann: Isabel Nickel Project defines first 5 years of production, page-76

"with our low expenses we will surely be in the box seat -especially with our recent increases in reserves."

I will reserve judgment until the feasibility study is published. I don't think expenses will be as low as people think. Based on AVQ's own numbers they will have to raise their market cap in capex and currently opex is higher than spot price, which makes the project not viable

They do not have a reserve. It's currently a resource, mostly indicated and inferred. Size is not that relevant as all bulk operations are large. Grade is king and 1.2% average is not anything good

"High salaries are not viable without a mine and therefore a positive appeal decision. If I was in charge, until an appeal decision is made , I would take a drastic pay cut ...and unless there is urgent management activity required, I would enforce leave for all staff -to stop the bleed."

I agree with this. All mining companies are struggling and cutting back except AVQ. When the secretary is on $160k for answering emails and phone calls and RM gets perks of $160k per annum (free housing, company car and who knows what else) then questions need to be asked. Especially when these are paid for using debt. And RM has no skin in the game, he sold his shares..at the low no less.
It's a bad spiral, seen it before in a mining company where the MD was on $700k, kept promising the world, and in the end the company went bankrupt.
Eventually the music stops.

Newbies need to be careful here. With a MC of $60m this is one of the most expensive stocks on the ASX. There are very good stocks out there with MC's of $30m and lower