Replies to post #33499 on Value Microcaps Junior Miners

[dr_airtime]

ORV.TO - predicting $1500 AISC in H2-F2017

Exhibit 1: ORV still has $15-$18M in capex to incur in H2 which is higher than H1 where they have already had AISC of $1422. See my highlights.



Exhibit 2: AISC includes only sustaining capex and 75% of YTD-F2017 capex has been sustaining ($9M of $12M), NOT GROWTH, which leads me to believe Orvana will be a potential capex-suck going forward like it has been historically. See my highlights of their AISC policy.

Even if capex drops dramatically for F2018 I don't see how H2-F2017 can have lower AISC than H1 with capex higher.