Yes it's our Anvil.It actually sounds like a good operation and BT maybe able to pick it up cheaply knowing his style as that Gecamines deal was a real steal. Batong Buhay ceased operations in 1985 when it had a throughput rate of 9,000 tons per day which translates to some 3.3mil tpa and at 0.6%Cu would mean an annual production rate of close to 20,000t Cu or revenue of US$60mil plus at least $5mil in Ag/Au credits. Assuming all the plant is onsite and has been maintained,then it just gets back to how much the Govt wants for it but like the DRC the Philippines want mining operations to resume ASAP. A good diversification move IMO.
AVM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
