AVZ
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0.00% 78.0¢ avz minerals limited

Ann: Cornerstone investor secured for Manono Project, page-117

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  1. Deepp
    198 Posts.
    lightbulb Created with Sketch. 47
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    27/09/21
    10:25
    Post #: 56367976
    How I read this is,
    structure of the project ownership is as below.
    AVZ = 51%
    DRC = 25%
    CATH = 24%

    Avz have $240m to spend for the capex.

    Any capex required to build the mine (DFS $540m) now would be pro-rated, meaning CATH still needs to cough of 25% of the capex.

    Overall we are going mining.
    AVZ Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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