I have been accumulating AV1 for a month now and am pretty happy with a unit price of 18.5c. The story is pretty good and have been amazed by the lack of interest to date from Instos...
I am hoping we will be hearing an announcement soon regarding a JV to increase resource to put through their plant which will only be achieving 1/3 of its capacity with the current Anthill ore program.
- Management own 56% is awesome.
- The missing piece is the securing of ore greater than what has already been found but I am confident they will find more at Anthill and tolling other local ore.
- The sulfide looks to be a bit of a stretch but could be viable.
Anyone know of any potential tenements within the Mt Isa region with oxide ore ready to go???
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Ann: Austral Resources Company Presentation - RIU Sydney, page-34
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