OTCPK:AVLRD - Post by User
Post by
canadian0308on Jun 24, 2014 4:38am
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Post# 22688285
Poor PEA crushed the share price
Poor PEA crushed the share price
IRR sub 15%@ 5% discount rate, 4 years payback at gold price $1,300...
What I dont understand is they have 2.5 M ozs resources but life of mine gold production only 680,000 oz?? Could someone please enlighten me here?
Gold Recovery at 75% was lower than I would have expected.
However all is not lost (yet)...its obvious the Timok project is highly sensitive to gold price. AVZ could be a high leverage play on gold price.