Hi mate. For what it's worth (and as I'm sure you are aware), AVL is not yet a producer. The share price will bounce back and forth in the near term and as Rhys mentioned we may even see some more dilution yet to come. The share is not really a gamble in my eyes however. There are tough economic times coming, but I believe AVL will pull through. When AVL does get production, the share price should easily exceed 10c in my opinion. Market Cap is currently $145M, while the BFS has estimated an NPV of 833M. There is certainly some decent upside to current value and I believe there are elements of the BFS that are quite conservative too. At least those were my thoughts at the time of reading, the world seems to have flipped upside down since then . Once some traction is made on mine development etc., I would be holding on tight to my shares. I'm not here to break even, I'm patient and hoping the return will be wonderful in the years to come! There would be more opportunities to spike the SP in the interim though, announcements such as capital funding granted, further government support etc. as others have already touched on. There is no doubting what AVL have in the ground and the fact that they are well known and have interest from WA/Fed gov. Exciting times ahead I think.
GLTAH
AVL Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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