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Ann: Quarterly Activities Report, page-25

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happy Hippy

5,651 Posts.

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03/08/15

13:37

Post #: 15741254
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Originally posted by Awoonga ↑

happy Hippy,

Many reasons for why AN first then PB.

- AN is open cut means cheaper which in turn means more income per tonne when we are starting to mine for the first time
- AN is smaller than PB which means less of a financial burden building our first mine
- AN will assist in funding the mine plant at the much larger PB

The other way round and we might have never got the funding.

While we ponder the copper price affecting revenue from AN, there's a bigger concern that a lower copper price is going to make financing PB more difficult or less favourable.

Early days and the copper price could be much better by the time we go looking for the finance. At least we will have revenue to fund the design work.

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Thanks Awoonga...however I read the other day that they are going to truck the ore from PB to the plant at AN. It does not make economic sense. Have I got my wires crossed?
Mmm...maybe I could have expressed that better...

AVB Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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