Indeed, that is what I read. As a tin mine, its not such a good grade to make it economically viable IMO. It has 0.1% grade on average. Here is a peer comparison pic below. However, its about $100 credit per tonne of 6% concentrate produced if it could be extracted with say 40% loss. $100 is big if you consider that the total cost per tonne for producing 6% concentrate for mines like BGS/AJM/PLS etc is around $300 (sale price currently near $900/tonne). Obviously, this would need lots of pilot circuit test work and consideration would be needed into the increased plant costs. Still, even without tin, I think AVZ would have BGS level production costs (with its increased transport costs like BGS) just due to the grade, homogeneity and low cost labour.
AVZ Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
