AEV 0.00% 1.1¢ avenira limited

target 70 cents, page-13

  1. 8,880 Posts.
    Capex could even be significantly lower.

    At the moment Arruwarra and Main Zone are in a "race" to see whish will be the preferred target and after looking at recent info, Arruwarra seems to be the winner, excellent grades of DSO and increased areas defined by the drill results, still more being found and low impurities. Arruwarra also has shallow deposits compared to Main Zone and should only require rudimentary mining, shallow open quarry would be my guess so capex and opex could be well down on figures announced as those figures seemed to apply to Main Zone which appears to be 3 times deeper, Arruwarra will require a longer internal road which will be a little more expensive, food for thought.
 
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