AVB avanco resources limited
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now for next announcement, page-23

  1. masel
    670 Posts.
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    23/09/10
    15:01
    Post #: 7234912
    Just need some inputs as I am trying to determine what the future valuation of the company would be.

    From their lates announcement, they have JORC resource of 90500t of Copper. At todays prices, ($7.77/kg), that's around $703M.

    Shares on issue = 512M.
    Potential SP = $703/512 = $1.373

    Of course this is gross sales but would you have any other way of computing what a mining explorer could be?
    AVB Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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