AVM advance metals limited

qty just out, page-9

  1. 3,194 Posts.
    lightbulb Created with Sketch. 333
    re: yo vidi I have just re-read one of the previous announcements on Kinsevere and then did some maths which was very surprising

    23,000 tonnes sold for a margin of $2.15 US (avg price of say $3 less 85c avg cost ) per pound come out to
    23,000 x 2200 x $2.15 = $108 million US...

    have I got this wrong somewhere?

    Even if copper goes back to $1.50 longeterm you still come out with $33mil US per year
 
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