Ann: Magnetic and Radiometric Survey completed at Garnet Creek, page-5

NAE is up 100% in the last two trading sessions, from a very similar market cap as AVM to begin - just by announcing they are looking at their coal asset (that was also on the books for $0 and had little likelihood of development going by previous updates).

Yet the company just updating that they are looking what they can do with it, and folk are going nuts. Besides the large producers, there isn't much coal exposure in small caps on the ASX and some are clearly looking for it. The NAE project is much smaller than AVMs also.

Realistically, something/someone new needs to come in and bring AVM back to life. But there is potentially some value to be unlocked out of Elko whether by divesting it entirely, JV'ing it even at a low valuation. Something is better than nothing and for such a low market cap, even a small amount of money could be pretty material.