vidi,
Unfortunately, Kinsevere SXEW not commissioned till mid '09 and i assume it'll take some time to ramp up to full production, but if Cu price stays strong should be worth the wait......hmm, that's 132Mlb pa of Cu cathode at let's say US$2/lb margin....
Re. maiden dividend, refer following extract from Short Form Prospectus May 30th 2007
Dividend Policy
Anvil has paid no dividends on its common shares to date and does not anticipate paying dividends on its common shares in the foreseeable future. Anvil anticipates that for the foreseeable future it will retain all future earnings and other cash resources for the operation and development of its business. Payment of any future dividends will be at the discretion of Anvil’s board of directors after taking into account many factors, including Anvil’s operating results, financial condition and current and anticipated cash needs. An investor seeking income from its investment should not purchase the Common Shares.
Last sentence makes it pretty clear.
BT has his mind on growth for the forseeable future;
- Kinsevere I, II (60ktpa SXEW), III (120ktpa SXEW)
- Kulu II (15ktpa SXEW expanding to ??)
- Nambulwa I (with redundant Kinsevere HMS plant)
- Mutoshi I (20ktpa in 2010)
- further DRC exploration (drilling, drilling and more drilling)
- Itogon (Philippines) exploration
- Sub-Sahara exploration projects
- plus a few more surprises i bet......
Cheers
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