AVB has been totally and completely oversold imo. The copper price and the DOW are close to levels when the stock was 10c. The valuations are now more than 3x the current price and we are heading towards 600,000t of contained copper.(nearly $5b without the gold credits) I know the market sucks, but the company could get eaten if this continues. Clearly the company is working towards getting into production and they have a big picture plan ( and more than the resource to pull this off) It is very dissapointing for investors to have to sit through this silly phase of the companies growth.
A $56m market cap represents an inground value of less than $100 pt( without gold credits) emerging copper companies like this get $250 per ton as a base case. This is dumb, easy for a value picker. Looks like people need little reminders at times. The stock should enjoy a discounted valuation of around 20c in due course. enjoy the rerate over time and dyor.
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