AVM advance metals limited

questions for those who may be "in the know", page-2

  1. 11,387 Posts.
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    re: questions for those who may be I'm definitely not 'in the know' but am assuming that if they increase the mining/processing rate of full grade ore beyond 90,000 tonnes/qtr then they'll run out of ore before the end of 2007 when the open pit is due to be exhausted & the u/g will commence - 18 months seems like a reasonable period to build the decline as I think NMC's took that time & JML's is scheduled to take that long.
    But hopefully they would have increased the rate of mining in the Dec qtr beyond 90,000 tonnes as on my cals they only had a little over one week's supply of ore in stockpiles at Sept - but don't expect them to process more than the 90,000 tonnes of full grade ore per qtr.
    Hopefully they'll increase the amount of tails/floats they process per qtr as they shortened the open pit life in Sept by up to a year as they're only going to 150m depth instead of 180m.
    As BT is giving a company presentation at Mining Indaba in Cape Town this Wednesday, it would make sense for them to release their quarterly/annual results tomorrow night - but I'm not 'in the know' so that's only a guess.
    Confidence is growing as is the sp.
 
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