Should we really be blaming management for their contractor going bust? Well, Bill T. is god after all - so I guess so!
This new acquisition looks very attractive. Has the benefit of being much further to the West than Dik and closer to national infrastructure that will need to be repaired if the DRC economy is to develop. By my rough calculations the coarse rejects/gravels that will feed the starter project contain around 100Kt of cu. Have a look at how progressed AVM are with this.
Parts of this report makes for an interesting read I think.
http://www.tigerez.com/tgs_quarterly_june_04.pdf
I also don't see any reason for any sudden falls on Monday. Obviously it takes a bit to tweek everything and get all cylinders firing as one, and it seems a fair bit of luck too.
What will AVM look like in 3 months? ... 6 months?
I'm going to be patient for a bit longer yet.
Should we really be blaming management for their contractor...
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