Site Visit to Avebury, page-90

Personally, I think a target of around US$10,000 more reasonable as a target. During ramp up they will likely use low grade ore to bed in processes (testing recoveries etc) so would be higher. Then as they move through I'd expect it to drop towards the $10K target over time. PAN have reported US$9800 for last quarter and they should be a reasonable comparison once MYL up and running. PAN are also a reasonable comparison for market cap IMO.