AEV 0.00% 0.9¢ avenira limited

target 70 cents, page-5

  1. 3,048 Posts.
    The market is starting to wake up to the fact that the CAPEX stated at 107 million contains approximately 39 million of capitalised opex. A simple forward sale contract to cover that initial period will reduce that and result in MAK only raising 60-70 million dollars for the CAPEX. That forward contract is equivalent to 10% of the reduced output of the first year. 1MT will yield 400million AUD at todays depressed prices.

    This is going to move quicker than people imagine.
 
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