I see RXM announced its resource this morning. I don’t know if they have anything else, but it is half the grade of AVB (same contained copper) and 1.5x the market cap- $136m On those numbers, AVB current resource is worth about $300m or slightly less than 30c per share. AVB is lining its self up for a takeover at these steep discounts imo. not a hard argument with expected production of $1.15lb (bottom of the scale). Antas would pay for the entire company in less than 3 years and u get Pedra for nothing. dyor
AVB Price at posting:
7.3¢ Sentiment: ST Buy Disclosure: Held