AVB avanco resources limited

stage i assessment supports fast track develop, page-8

  1. 1,284 Posts.
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    We are all picking up some fantastic sound bytes here from the announcement.

    I particularly like the EBITA (i.e. cash earnings) of $55m per annum esp given our market cap is $80m, or 1.5x cash earnings!

    Cash costs are first quartile.

    Off-take with Brazilian and international companies.

    Capex of $50m, with pre production capex of $14m.

    Trail mining licence should aid rapid construction.

    Payback 9mths, NPV $224m ...

    7-yr open pittable, total mine life of 9 yrs. Open at depth.

    Two words come to mind - no brainer.
 
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