AVM 0.00% 2.2¢ advance metals limited

copper us$3.15, page-3

  1. 10,744 Posts.
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    re: activities report out Good to see they've been able to do lots of drilling during the wet season at both Dikulushi deeps & Mutoshi NorthWest - looks like we might get these results on the day of the AGM May11 - drilling results is what's going to push the sp from here.
    Operationally another solid qtr given the wet season - still can't see them producing a net profit for the qtr above $7.5mil(USD) but this will get a big boost in the current qtr(to $15mil) if today's cu/ag prices are maintained as well as costs.
    Kulu would have been lucky to breakeven for the qtr but should be a contributor in the current qtr with the commissioning of the scrubber.
    You can see that they have a lot on their plate currently to fulfill the growth scenario planned.
    Good work BT.
 
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