surge isn't stopping., page-8

Have enjoyed the AVM commentary to date so thought I'd weigh in with my 2 cents worth. IMO, there's substantial cause to be bullish. Volume (which will be a key in SP movement given Trafigura overhang) picking up both here and TSX, though still choppy. It would be reassuring to hear that Q2 commissioning is still on track and on-budget, although management have a history of being fairly silent. Importantly, the current financial model has a (very good) IRR, NPV and payback based on Cu at $2.44/lb. Its now $4.37/lb and all signs point north. A new model from management would be extremely helpful as clearly project metrics have totally changed for the better. Back of envelope calcs ($1.33/lb total operating costs at 60,000 tonnes per year) shows $400M odd of positive cashflow. Extraordinary numbers.
Lets get the cathode rolling!!!