AVM 9.09% 3.6¢ advance metals limited

A very interesting presentation - not so much with what was on...

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    A very interesting presentation - not so much with what was on the slides but the additional comments made by Craig Munro - some of which included:
    1) Will drill at Dik from underground & expects minelife to increase from 6yrs by a number of 5yr increments over time.
    2) They have open pit stockpiles at Dik that'll last until March next year - still expecting underground production to commence shortly.
    3) Updating the feasibility study at Kinsevere with 2006/07 drilling results - expects the current minelife of 13yrs to be increased substantially & will use more realistic long term copper prices(not the current $1.20) in the study.
    4) Expecting the current three deposits at Kinsevere(Kins Hill,Tsh Central & Tsh Sth) to become one big superpit.
    5) Lots of minds currently thinking about expansion plans,outside of current projects, for beyond 2010.
    6) The current production of the oxide concentrate at Kins will go into the EAF when it's commissioned in Dec/Jan. In other words,there'll be no profit contribution from Kins in the current six months as there'll be no sales before next year.

    Well worth a close listen to his comments.
 
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