AVB 0.00% 16.5¢ avanco resources limited

going nowhere, page-40

  1. 112 Posts.
    If AVB decide to progress the direct ship option based on the current HG drill results, then production could be achievable in 6 to 12 months. As the HG zone is near surface, and no blasting required, then relatively small excavators and trucks will be required. This type of plant is readily available to either buy or hire, (as compared to purchasing new large excavators).

    However, if AVB decide to wait for results from the latest drill program, waiting for lab results, JORC, feasibility study, then this will delay production for at least 12 months.

    A positive note to this though, is that the revised JORC could be far larger, and to measured status following the latest drilling.

    I am a long term holder, so either option is fine with me.
 
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