AVM 0.00% 2.6¢ advance metals limited

great 3q results hopefully, page-5

  1. 27 Posts.
    Yes, great QTR.

    The highlight for me was the Kinsevere production 6,142 tonnes Cu for only 72,639 tonnes processed (10.9% feed, 77% recovery. With the plant now running at full tilt (500,000 TPA) if similar feed grades and recovery are applied to this QTR (125,000t processed) we could see around 9,500t Cu for the QTR, annualised thats 38,000t.

    Other points of note:
    - No information on Nambulwa exploration?
    - Aus. Fed's advise Anvil of "insufficient evidence" against them that would amount to an offence against the Criminal Code.
    - 300k in Cobalt revenue from Kulu?

    In regards to the Mining Commission Review I cannot believe for one moment that the Diki licence would be cancelled, particularly with their community programs, local employment (which numbers in the hundreds) and that they ar now obliged to pay tax from Oct., Anvil would have to be one of the best Corp. citizens in DRC. If the licence is cancelled I'll eat my script (or should that be my Chess Statement).

    Disclosure, yes I have a position, yes I have been buying more over the last week or so.

    Great opportunity IMO...

    TSX opens in awhile, current bid $16.00
 
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