Another bit on ABY the 11-14k target has been reduced from 16-19k this has resulted in a halving of company market cap. A few months ago it had a market cap of 500million.
Makes sense to me now when Tony states at 50k per annum, it becomes the focus of majors. If they are confident of the 30k per annum now and the richer deeper extensions have only been recently discover and AS is at it's infancy exploration wise, it seems that AVB may have significant growth opportunities not only for the next few years but for the next 3-5 year period.
I am likely to increase my position early next week as I really think at these levels once you incorporate the latest drilling it's dirt cheap. The next drilling result will increase risked value and thus make today's prices even cheaper. What is the bet over the next couple of months we will look at these prices and find them so cheap.
AVB Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
