AVM has always been for the patient, it's slow and steady but...

AVM has always been for the patient, it's slow and steady but relentlessly in one direction. Up.

Maximum value for shareholders will occur after Kinsevere SXEW plant is up and running in 2 years time. The economics of the operation changes dramatically in reduced operating costs and increased production. I'm certainly going to hang on to see it happen.

Coupled with increased exploration over that same time period we're bound to increase reserves and find new deposits, further improving shareholder value.

I have also noticed these evaluation reports still using $1.2 Cu, we haven't had prices near there for 3 years now! The spot price is nearly 3x that and I doubt it's going to ever have a 1 in front ever again. It does demonstrate the level of conservatism used in pricing AVM however, the market still needs to adjust to increased commodity prices and become more comfortable with Africa.