Lecram, I hate share price predictions. Having said that my predictions are not dissimilar to Bell Potter and/or Hartleys. They predict 11-13c but they also calculate based on very low copper price and very high A$. No substantial value for PB or exploration/tenements. If you change to A$77c or lower and predict any appreciation in the copper price that puts the valuation back in the 12-15c range 9 months out.
What none of the above takes into account is that we will see at some time in July a JORC with better than 50% indicated resource and handsome resource growth at PB (with further upside to come). Nor does it take into account the fact that AVB are always exploring. I expect AVB will eventually have a larger stage 3 project. There is always the genuine chance of a major strike that will take us into the stratosphere on the share price. All this when other companies large and small are cutting back on exploration (plenty of press on the midterm consequence of this strategy, minerals will shoot back up again due to lack of exploration spend worldwide).
I've changed the profile on expected production rates as a consequence of discussions at the AGM. Total tonnage with PB in full operation has gone up
I'm looking forward to seeing the results of the feasibility around the end of this year. The big boys are still pencilling in $3.50 copper 2017-2018 or thereabouts. That could well put KK's prediction of 2020=$1 back in the money.
In the meantime the company steadily moves forward making sure we have a sound develop path and growth for years to come. Conservative, stable, growth orientated management with a chance of explosive exploration finds. I can't think of a better formula?
Sentiment: You'd be mad to sell.
