Following on from what others have already posted earlier today...
Here's a question....
According to the latest Qtrly, AVB are forecasting that Stage 1 revenues (in 2015) will only be sufficient enough "to SUPPORT A BRIDGING LOAN facility to finance Stage 2 into production". So, in other words, AVB already know that Stage 1 cashflows won't be sufficient enough to fund the Stage 2 construction outright.
So, this being the case - and even though it is early stages - what does AVB management anticipate to be the capital cost for developing the Stage 2 mine?
(If you do not intend getting a BFS for Stage 2, I assume AVB must therefore have some idea of what they are prepared to expend in order to acheive a positive "decision to mine" ...Especially as mentioned above, AVB have acknowledged that the Stage 1 cashflows (whatever they might be) won't be enough to fund it outright
The Qtrly also states "By phasing Stage 2 (i.e. developing the East first, followed by the West) the project becomes significantly less capital intensive, quicker to implement and easier to fund"...therfore I assume management has some ballpark numbers in its head...?
Coop
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