Even at these low prices, the 49mill USD cashflow is still pretty amazing considering it only covers the remaining two years of the open cut. The good times are bound to continue once AVM goes underground - particularly as there have been persistant rumours for several years now about is under Dik.
Even after the large raising we are still on a forward pe of well less than 10 by my calculations, and that is based on the pre-issue view of project development plans etc. Still. looking for something fantastic from this raising and not just money in the bank or equity funding for these projects.
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
