AVI is off the radar of the market until something concrete comes from the current drilling. Updates are great, but it's going to stay quiet until drilling has finished and (crossed fingers) there is a resource upgrade. Once it is known whether that 3mtp/a, 10 year mine life scenario can be achieved, then there may be movement. The drilling finishing will align with the completion of the DFS at the end of the September Qtr. Once the DFS is finished, management can hit the road and display the facts and figures contained within the DFS to any institutions that will listen. At the moment, the company is receiving very little publicity.
That DFS will contain some fantastic financial data if we can get that 3mtp/a, 10 year mine scenario going. Long-term, this company looks very, very good.
Hopefully AVI has enough cash in the bank to hold off on another CR until the share price is more favourable.
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Price($) | Vol. | No. |
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