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16.5¢ avanco resources limited

Would be interesting to see how you arrive at both of those sets...

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Stevenm

64 Posts.

10/12/17

10:14

Post #: 29514434
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Originally posted by longwindingrd ↑

Im sure Pete as AVB mature into a mid tier mining company by the times you suggest 20 -22, lets say they should be producing 50 KTPA of copper and 150 ounces of gold from Antas PB and cento.
On todays figures that would give us something North of 200 mil net pa.
Lets say 8 cents per share. with a conservative PE of 10 equals 80 cents.
I say conservative just becasue of the average PE being 15 on the ASX 200 and 300

We are already close to earnings of 2 cents per share on Antas alone but are way undervalued at present probably due to not being mature enough player in the markets eyes just yet.

I suppose you could say AVB is still in the stage of having to prove itself and so a big discount is applied.
Apart from all the additional opportunities that may present between now and then, the fundamentals look pretty good just from what we know.

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Would be interesting to see how you arrive at both of those sets of numbers...

"On todays figures that would give us something North of 200 mil net pa."

"We are already close to earnings of 2 cents per share on Antas alone but are way undervalued..."

AVB Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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