Flats,
i can only add to confusion and speculation, more than what has been said by the company re DRC JV`s i do not know.
You posted the pursued DRC Copperbelt deal
is situated WEST of Dik., at least it was my understanding that you referred to this potential new deal that we all here have been speculating on with the term "JV Gecamines" for some time now.
Since this potential new project is in the DRC "Copperbelt" it has to be situated somewhere in the line between the towns Kolewesi, Likasi, Lumbumbashi, Ndola.
Hence it has to be definetely south of Dik, not only west
as you stated and i only felt to comment on this general geographic issue.
Sadly Anvil is not able or willing to give a clearer "guidence" in respect to their JV activities. On top of that their very limited disclosures give much room for (mis-)interpretation and speculation because the formalization in the writtings in semantic terms is "fuzzy".
Take for example the latest ann. re stock price movement.
What we learned?
1) re DRC Copperbelt: they are pursuing JV opps.
with various parties. Opps clearly mean > 1,
but how many 2,3,4,5..?? and what kind?
2) various is fuzzy, this can relate to the number
of projects and/or relating to the number of potential
partners with whom they negotiate and discuss
a farm in. Since Anvil does not explicit names
Gecamines this may hint (but not more) that at least
in one project the farm in interest may come from an
differant entity, for example a foreign entity
which holds in interests in DRC copperbelt project(s).
3) In the next sentence they change from number of
projects/parties with whom they negotiate to
another semantic level i.e. "stage of discussions".
Here we learned that there are 2 projects in an
"advanced" stage.
Now this MAY mean that those 2 are in DRC
copperbelt, but this is not totally clear.
Also this shows me that at the very least they look
in more than 2 projects, because 2 are in advanced
stage so there must be more in total.
Also what we do not know is how many JV`s Anvil
will eventually consumate assuming they will get
approvals, aggreements and a satisfactory DD on
some in the pipeline.
Could be potentially more than 2, but will
Anvil select the first to close or the best, or 2, 3 or
even more?
Also the reference of "current production" re potential resource upgrade estimate is fuzzy. Does current mean stage 1 production level or Stage 2, a big differance!
Hopefully in the upcoming AGM Bill will give a more detailed and clearer guidence and for the time being we have the pleasure to speculate and dream of lots of positive surprises and splendid deals to come.
Have a nice weekend!
PS Can somebody be so kind and post or describe the full content of the west australian article which was mentioned in the ann.?
PS2 Assuming current cu/ag prices AND projected
average stage 2 metrics (grade, volume,
recoveries) annual stage 2 profits should be
according to me understanding significantly higher
than 20 mln US $. On the other hand potential profit
generating of Kapulo is difficult to estimate without
knowing important factors (are there valuable
by products, strip ratio, way of processing...),
however i guess the estimation of 15 ml is
quiet otimistic specially in relation to Stage 2 Dik.
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