Last observation from me on the Hartley's report that most are embracing. What got me offside with it from the outset was this statement on the front page where they place their executive summaries.
"Aspiring to produce 50ktpa Cu and 35kozpa Au
AVB is an ambitious junior with plans to produce 50kt Cu and 35koz Au per annum and transition into mid-tier producer. Even if the current strategy for both Antas and Pedra Branca comes to fruition, we estimate it will be 10ktpa Cu short of the 50kt target by CY2021, when Pedra Branca is up and running."
So, their summary on the front page suggests that they estimate if all goes well then by 2021 we'll be a 40ktpa producer. In my mind this means 24ktpa for PBE, nothing for PBW and 16ktpa for AN.
Really? This is what most are embracing? Fair enough.
As for all reports there is various wiggling with figures that goes on within the report, but this is their summary of their belief on their front page.
IMHO I think by 2020 we'll be a 60ktpa producer and ripe for a 'thedoors' moment.
