AVM looks like a stand-out value play at the current MC, and there are plenty of other Vic explorers looking quite interesting.
One which might not be obvious because they are currently busy in WA is CYL. They have done a lot of work on their own ground and in JVs in Victoria, and have some very good grades. What makes them particularly interesting on the Vic scene is that they have an option to buy 50% of KAU's processing plant at Maldon to process their ore when they eventually get into production (and they own 20% of KAU). Mills are very hard to get permitted in Victoria, which probably accounts for some of the interest in NAG (they have a permit).
It's a long time since I lived in Victoria, but I think that AVM's Happy Valley might be within trucking distance of NAG, and there's a lot of other activity around AVM's tenements; I think that INF and FAU are nearby, and AIS's Stockman project is probably quite close too.
I'm looking forward to seeing what else AVM discover on their quite extensive gold tenement package. The silver for me is just a bonus at this stage.
AVM Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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