AVB 0.00% 16.5¢ avanco resources limited

2018

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4851
    Sales revenue of $46.1 million, cash costs average $1.49/lb. Royalties $3.2m Gross profit $7m and net profit of $1.1 million, EPS of 0.05 cents.
    Latest: cash costs increasing at $1.51/lb and $1.83/lb.
    Management took the decision to reduce plant throughput for the remainder of December.
    Reliance on lower grade material will likely continue early into the first quarter 2018

    Conclusions:
    AVB is high COP relative to peers partly due to high power costs,
    AVB cannot seem to contain, control or reduce COP
    Miserable profit on sales of $1.1m when copper prices are high
    Royalties are high and on production not profit, they are three times higher than profit.
    Co has a higher reliance on continuing high copper prices than peers.
 
watchlist Created with Sketch. Add AVB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.