Far East Capital Newsletter
Anova site visit - adding to the ounces
25 Sep 2016

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Weekly Commentary

Anova site visit - adding to the ounces

AWV has budgeted for a $5m drilling program with the belief that this could add another 250-500,000 oz to its resource base. Given that the all up costs for mining and treatment are estimated at US$850/oz, there is potential to add an undiscounted value of US$100-200m to AWV based on the cash generating ability, or more than twice the current share price. 

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