the bond of contention is actually the oxidation profile of the ore bodies….AVL have to blend their feed as outlined by the CEO on the Spotify podcast and grind to dust.
Where as TMT don’t have the same oxidisation to deal with as they can feed a much (larger) grind size with their feed.
This is the main reason why AVL V205 operating cost is $6.90 in their BFS release.
I guess we will see where TMT opex lands in the Bankable model and I suspect it will be much less than $6.90.
The processing routes are very different for both. Same ore body but differing characteristics of the same ore body.
Go back and watch Vince’s crux investor video “there BFS was delayed as they couldn’t solve the oxidation” and now they are doing further drilling to improve their economics.
TMT also did this via yarrabubba.
AVL flopped I suspect TMT will hit the home run as Ian as guided lowest cost quartile.
DYOR
AVL Price at posting:
3.7¢ Sentiment: Sell Disclosure: Not Held
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