Kolosori was always the better project as it's higher grade and had more work done on its previously. Also how many millions did RM spend on Kolosori?? I think AVQ spent about $12M on Kolosori before they lost it a few years ago and now it's gone for good. What a serious mess.
San Jorge is going to be tough as to make money out of direct shipping laterite ore a grade of 2% nickel is probably needed. The last drill results released for San Jorge were around 1% Ni on average. Mind you those results were released about a year ago. While AVQ move ahead at San Jorge spending precious $$, they have not released the latest drill results. If the latest results show results over Mining widths around 1% then it's going to be hard to see how that would make money. It is about to get interesting as pushing ahead with San Jorge before releasing any economics is a very risky move.
AVQ Price at posting:
5.8¢ Sentiment: None Disclosure: Not Held
