The call was worth a listen.
Interestingly enough only one question from 'the floor.
Key points I picked up.
Bought 5 rigs and are pushing to increase reserves.'
Kulu SXEW US$57m for 30kt plant producing at total cost <50c/lb
Kinsevere kick-off HMS by end of year initial capital a bit higher (road and power 27kms) US$25m but will be set up with stage 2 SXEW (late 2007) in mind.
Indaba presentation will be on website tomorrow morning.
40 punters looking at Anvils Ops in Congo in a weeks time the handouts they are given will be on website.
Looking to be producing 75-100kt in less than 4-5yrs.
I got the impression that AVM might be getting screwed on the whole transport, process deal because they don't have another alternative. Which keeps prices high. Hence the SXEW is not only a good option for copper recovery but also as a negotiation lever. We currently don't have a "Best Alternative Elsewhere".
Think I'll hold onto these shares for a few more years.
Cheers,
Stu
Add to My Watchlist
What is My Watchlist?
