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10/04/24

08:35

Post #: 73268924
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Originally posted by RhysT ↑

Would NAIF or any potential funders who either/both companies have been working with for a while have any influence do you think on our development pathway?

I guess outside of most potential funders just wanting the best economics possible, and it sounds like a dumb question if outside entities have influence on our decision making, but I feel AVL does have some incentive towards Geraldton processing even if it might be economically not quite as good... i.e. government may push for it there, plus that location seems to be tied into the current grant, which who knows how flexible that is..

Of course then you have the WA article posted a few days ago about their roads going to crap due to heavy trucking and processing onsite/offsite will make a big difference to what we're sending down those roads as well..

I have never been invested in anything so up in the air at this stage of the development cycle so I have no end of questions that I guess we just wait to see how AVL, WA government, EPA, NAIF and potential funders answer them.

Probably another oddity is we have had zero mention of offtake, which feels odd as both companies had MOU's and even they haven't been addressed, let alone mention of anything new for AVL+.

Lot's of upside news potential then is a positive way to look at it. In comparison.

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I think having the refinery at Tenindewa is viable.
Ann 11/3/24....lab test work found Fe cons frequently over 60% in blocks 70 and 80 (Yarra).
Today 60% Fe about us$96 p/t * 1.51 = a$144.96 p/t less CFR about a$30 = a$114.96.
As has been said before FEX feeds IO into a ships hold for a$60 p/t, this includes trucking 490km plus storage.
Lets say it cost AVL a$80 p/t, this = a$34.96 p/t gain.
Then consider the lower cost of gas, no FIFO workforce and cheaper reagent transport.

I agree road transport is not ideal, next year there will be 4.7 mt of IO trucked on the highway from Meeka to Geraldton. It is a pity the rail from Mullewa to Meekatharra was closed in 1978.AIMO.

AVL Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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0 Great analysis

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