Ann: Acquisition of DSO Nickel Laterite Project and Financing, page-27

Thanks for that.

I got their resources numbers from their PFS announcement that AVQ put out in 2016 and had to then retract as it didn't comply.

That had the below numbers which were lower than MNC's projected numbers.





Clearly both have much more in the ground than what's been released.

The number I found/posted above re; AVQ's PFS:
AVQ's PFS returned:
Capex: USD$18m
NPV: USD$188m
IRR: 95%

are from the same document as the above retracted PFS numbers: https://www.asx.com.au/asxpdf/20160812/pdf/4398g11z1dr246.pdf

Anyway, I've had a 30min look at everything so let's keep digging on both and posting.

Definitely the best comparison to MNC's new acquisition is AVQ.

I'll post more after looking into it more.

Cheers,

GB.