waiting for avb-sir moment , page-4

Sorry Aman2, but I cant see a reason why AVB will not obtain satisfactory finance for this project.

We're not talking a huge amount of capex here at only $50M and with NPV of $224M, IRR 94%, C1 costs 0.75c all points to an high profit, low cost mining operation with little risk. These are the projects that financiers are looking for IMO. Some other junior explorers have the problem of huge capex hurdles, but by starting with a pilot operation it is more easily managed.

Xstrata is my tip to be involved in funding in some capacity. They are a cornerstone investor, have Geos in the ground with our team and will also benefit when we get Stage 2 mine into production via royalty payments ($10m) as well as AVB rising SP for their share holding.

No need for AVB to conduct a BFS either so we can fast track stage 1 to create the cash-flow to fund into Stage 2 mine. IMO Xstrata cant lose from the deal and neither could AVB.