In that spreadsheet...AVB presented copper production costing - of $1.70 per pound (mining, transport and smelter deductions). Thats actually high, because they incurr road transport of ore - and smelter deductions.
AVB is just such a small company...this is the whole point. $240m in ground surface copper, close to reasonable insfracture.
(not counting taxes and royalties)...$2 per pound or $4,000 per ton - that is still gross $20m PA PROFIT on avergage yearly productin of 5,000 PA.
....compares to their undiluted cap of $12.5m or $20m counting the options. ---------------------------
I am inclined to discount now, any likelihood of nickel success.....suggest nickel success would have been reflected in share price.
In back of envelope terms however - annual copper profits match their market capitalisation. (refer to their feasibilty study of 8 Feb 2010)
AVB Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
