Guys the WA goldfields has destroyed countless investors who did their money on poor quality low grade high cost gold mines, No better example of such a beast is NAV
My speculation is AU mining is trying to protect its capital at this point, they are following are trajectory followed by many gold investors, a trajectory which more often than not blows up in their face
Now if NAV is the equivalent of gold mine hell, ATV,s project is the equivalent of gold mine heaven, low strip ratio, cheap power, cheap labour, straightforward metallurgy etc
The strip ratio is the key to low cost open pit, have a look at RRL to see how successful a high quality open pit operation can be, See how it grew from humble beginnings and then with exploration success and sound management is a stand out success story
That is what we will be , a stand out success story
ATV Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
