Krum, its all about keeping it simple, low cost of capital and those Isabel projects are just perfect for this type of mining. It's a simple DSO operation, keep the Capex under US$10m and make sure you keep the grade control tight. 1 to 2 mt at 1.6% nickel grade per year is a nice earner at San Jorge. Once they get Kolosori back along with Tenement D they can produce potentially 3 to 4 mt's per annum and Kolosori had the higher grades up to 1.7 / 1.8% Ni.
AVQ Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
