eat my hat , page-15

AVB hasn't made anyone much money for the past 3 years so why should it make money next year or the year that? The big change to the market in 2014 is that companies not in production are more heavily discounted compared with those in production. This is because capital for new mines is very hard to get, in fact this is probably the worst time in a decade to start a new mine and especially a copper mine. Even a new nickel mine is hard to fund, eg SIR even though nickel is a boom metal. So all the start up wannabe mines owned by IGB, TRY and AVB etc etc are going to struggle to become operational. That's why AVB just plods along, always more sellers than buyers but never takes off. Perhaps it never will or, I suspect, it will be 3 or 4 years down the track when copper lifts and higher cost producers have gone broke. Meanwhile, it will just kick along at about 70 cps or less. You have to ask whether you want to tie up your capital for zero gain for years on end?