Running discussion on SP, page-77755

I can't get my mind around $4/share. It would value AVZ (no production, no mine, single resource, albeit a huge & high value one) at $A15 billion or 20% of DRC's GDP. I say this considering BHP Billiton is valued at around 7% of Australia's GDP - massive cash flow & diversified miner with tentacles all over the world. AVZ may be an Australian company but its only project is based in DRC & its fortunes are dependent on succeeding in DRC. Of course I would welcome $4/share. Even more, but I struggle to see it. The last 12 months, if nothing else, confirms why DRC's sovereign risk leads to valuation discounts as high as 90% compared with much safer jurisdictions.