ANS 0.00% 1.7¢ austsino resources group limited

ANS : will we fold or fly?, page-47

  1. 1,735 Posts.
    lightbulb Created with Sketch. 464
    “Avima is a high grade iron ore deposit with a JORC compliant resource of about 700 million tonne of direct shipping iron ore. It is a mineralised ridge of approximately 35 km strike length rising 200 to 900 m above sea level.”

    “Production of Avima's H1 65% Fe is commencing in 2019 at 3 million tonnes per annum.”

    My take is that it’s high grade but low volume...but is virtually ready to ship.

    Their claim value may be sky high, but they have a much better leg to stand on having developed the mine to the point it is.

    It’s a gargantuan amount of money.
 
watchlist Created with Sketch. Add ANS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.