I totally agree. Have a read of the first few pages of the annual report on the the asx web page. This is a company very proud of what they have achieved and if you read between the lines you will see that they expect a lot more. Their prospective ground is between 2m and 15m oz proven deposits and it is clear Avoca are expecting something of a similar size. At a present 640,000oz the MP is 60odd cents; what will it be if they hit a minimum of 2m oz? Pretty simple arithmetic. I'm in and staying in.
AVO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held