Yes go figure this market - a very positive announcement today on funding & the market drops 4.3%. I'm sure this tie-up with Fortis will allow us to arrange debt financing more easily in the future - for example when we're looking for finance for our first SXEW plant late next year. The Kulu technical report had a couple of interesting tables in it including one that said that the first kilometre of the river contains copper grading 8.74% to produce 16.5k tonnes - this should be the section we'll be working on in the first twelve months - we should be able to make $3 to 4 mil net profit after tax/quarter from Kulu. Confidence is growing here.
AVM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
