re: pe querie fot miningnut, rosco or flats.
Thanks miningnut!
So let's put PE figures to task and make some sort of indication for AVL when listed in Canada.
Flats has statistically projected a PE of 4 on earnings after completion of Stage 2.
So a move to PE of 9 based on this scenario moves AVL share price to 90 cents.
However AVL will by then have a PE price of 9 - based on actual - not projected earnings. So one assumes PE should be higher and projected AVL share price should be more like $1.00 in 04.
$1.00 after Canada listing and earnings upgrade from completion of stage 2 in May.
That is as close to surely as one can hope to be!
As stated in other posts we may be close to certain that another mine will be on the way by the end of 04. Kapulo is awaiting to be mined - which it surely will if nothing bigger and better turns up near Dikulushi.
So a share price of $1.00 to $1.20 by end of year 04 looks reasonable.
The exploration easily funded from profits is the "blue sky" factor.
AVL management stated objective is to make AVL into a world ranked mining company.
Would anyone be prepared to bet AGAINST this happening?
