AVB 0.00% 16.5¢ avanco resources limited

27 and 28 cores, page-19

  1. 12,055 Posts.
    lightbulb Created with Sketch. 3146
    I see RXM announced its resource this morning. I don’t know if they have anything else, but it is half the grade of AVB (same contained copper) and 1.5x the market cap- $136m
    On those numbers, AVB current resource is worth about $300m or slightly less than 30c per share. AVB is lining its self up for a takeover at these steep discounts imo. not a hard argument with expected production of $1.15lb (bottom of the scale). Antas would pay for the entire company in less than 3 years and u get Pedra for nothing. dyor
 
watchlist Created with Sketch. Add AVB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.