AEV 0.00% 0.5¢ avenira limited

wonarah project resource increase, mine plan a, page-4

  1. 34,916 Posts.
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    Everyone must still be asleep.

    So the highlights are they are going DSO with plans of producing within a year. This is absolutely fantastic news and just confirms what we really knew via hints.

    Contrary to scare tactics, the CAPEX cost will be around $75-100m Australian dollars. OPEX TOTAL cost will be around $150/t which means currently a huge margin. I expect these figures to be quite conservative as not all drilling data is available yet to make final judgement. it seems they are being pleasantly surprised by the results.

    Now a total of 461mill tonnes and both deposits are still open ended.

    Overall these results are just magnificent. Exciting times ahead.
 
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