cudeco discounted, page-15

RN
AVB v CDU
$100m v $400m MC Key driver = Bal sheet

AVB assets circa $40m on Bal sheet
CDU assets circa $330m on Bal sheet.

Reserves call it square (it's not) but back of the envelope stuff - good enough

thanks for the post - AVB preso has CDU C1 costs at $0.81US / lb. AVB forecast costs at $0.84

After 7 years UGround would get expensive for AVB, non recurring costs for decline/vent shaft. Op Ex also goes up.....

AVB past discovery spike that pushes SP up, but has Glencore on it's side, so production numbers have good chance of being obtained.....