Hi Rusty, “but to compare the two operations is just plain dumb” well I think it’s fine. They are both in the same metal sector, thus same market fundamentals and in the end it’s profit that’s compared NPV IRR and risk via a discount rate. Actually the intelligent compare projects that way. Each has different risks and different rewards that are all model able. So I guess the market can’t compare 65 DSO lump magnetite from a leached gossamer Vs 62% haematite fines either right - but one is worth US$90/t and the other $70. I guess a Ferrari cannot be compared to a Holden either right unless you compare cost Vs benefit.
AVQ Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
