The top of the ore body is only at 400m. It would take a decline crew only a year to get down to that depth. This is a massive mineralised system and the high grade can potentially be on its way to Telfer plant within 18months. Just daily development tonnage for a 6m x 5m drive could see Havieron quickly at a few thousand tonnes a day. Globally 400m top of ore body projects are the norm. I’m watching this closely and ARV will be a big winner here. I hear Newcrest at the big Denver Gold Show next week and it’s all about Havieron as their major exploration play. Now that could make things very interesting. But as usual DYOR and see professional advice. These are my personal views.
ARV Price at posting:
2.9¢ Sentiment: None Disclosure: Held
