Ann: Drilling program defined for high grade Myrtleford targets, page-42

Although I love the positive talk and that sexy word production, it is probably very early in the scheme of things to be talking production. I want to know what they have before committing to a plan of how to handle it. But let's just explore your thought processes. To have a situation where a resource can be produced, the resource would first need to be sizable enough to make it economic, then if you were to use a 3rd party for milling , you need a suitable mill close by ( subject to metalogical requirements for processing) within trucking distance with some unused mill capacity, and a third party willing to use this unused capacity for a fee. So quite a few ducks might need to line up. Now if there was a third party, often it would lead to a potential takeover, as if all the ducks line up then AVM could become an attractive takeover target by that third party, especially if the share price is still at a big discount to the value of gold in the ground. I have not done any research into mills close by, perhaps this would be a good little research project for you to take on and report back to the group with your findings. Hell I might have a little look myself to see what's out there but it might be a good learning experience if you do some research yourself. Good luck .


Christopher