AVB avanco resources limited

Ann: Results of Annual General Meeting , page-4

  1. 20,843 Posts.
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    Depends on the margins but alot more than current market cap.
    It would be interesting to see the results going forward as I would hazard a guess the production profile likely to be towards the 50k per annum.
    The key in the end is average grade across resource for both copper and gold. By all indications the result should be good.

    I was trying to find the triggers for the iron ore option - ie what results in a minimum payment (10m) vs top payment (40m) if they receive anywhere close to top payment then the EV on this stock would truly be ridiculously low ( even though I think it is already) If anyone can guide me to any detail surrounding the option i will be grateful
 
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