Hi @Kalenn
Much appreciated info, thanks. And this from a fellow Blackrock employee too
Nothing you have provided is secret, with proper research it can be found, the extras we get about on the ground work are the forums good fortune, we would all do well to respect that, you too @m0ngy.
Centro is progressing, AVB have stated Centro Gold was previously granted both environment permit and a construction license., whilst these permits are currently suspended, the Company is applying its local expertise in seeking reinstatement of the regulatory approvals. The Company continues to work towards the lifting of the licensing injunction and anticipate a decision as early as late June 2018.
We know that surface ownership at PB is AVB’s and that the EL at PB is 30 days away and it is largely all about surface issues, all the experts I have talked to see PB progressing and being a large project as more drill work is done.
The company did something in Dec that many IMHO will commend them for in time, they took drastic action to open the AN pit, this is a great deal of work to move rock and reconfigure access. This at a time when copper is in an undisputed uptrend. Almost 3 months of this work has been completed, what do we think the results will be from this work. One other small thing AN did was to act as a showcase for interested parties who visited from up North to see what a working mine has done for the locals, impressed would be an understatement.
The Company has been on a search for a top NAME in the industry to lead AVB to the next stages of growth, we await news on this.
Acquiring 100% of the Pantera Copper Project from Vale is such a great move, a potential giant sits at a MC under $200m, sure 3 or 4 things have to come together, but the probabilities are with them IMHO.
Yet I have read only this last week, folk have bailed because the SP is low, that’s fine and I have said as much, good on anyone who feels they are making a good decision. But IMO the SP is as good a buy right now as its ever been. We are possibly two years behind where I expected, but I have to be fair, this time must be seriously discounted when you add in two new big ticket items like Centro and Pantera. I believe this may end up one of my best investments.
Cheers
Phil.
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