While we are all engrossed and excited how this takeover is being played out, many may have lost sight of the lower BRL its taken a 17% pounding against the US dollar just since the takeover was announced only a few short months ago.
Since most of our labour and material costs are paid in Brazilian Reals, our all in mining costs AISC have just come down dramatically.
Andrew Cole must be saying to himself what a great time to build a mine in Brazil.
While AVB share holders are saying how about passing some of that 17% onto us and raise your bid mate.
Cheers LWR
AVB Price at posting:
17.8¢ Sentiment: Hold Disclosure: Held
