fundamentals, page-8

Thanks for the point of order dartboard!
You are correct of course.

Also nice point Stone Pony!

Tripple reserves - double profits.

So profits after Stage 2 being fully commissioned will surely bring share price to 60 cents. (minimum!!!)

If Gegamine agreement doubles profit a 90 cents share price (or $1.20 if double profits based on after stage 2 completion - probably not?)
Allow 10% dilution due to rights issue/share alocation Brings us to over 80 cents share price.
With more corporate developments (upgrade of Dikulushi resource at depth - another mine at Kapulo or "closer to home", Canadians to commence accumulating, etc, etc.)

Me thinks the 80 cents after Gecamine deal short changes potential AVM share price.
Me thinks 80 cents will be more likely with just Dikulushi upgraded resource and Stage 2 at full steam.

For the immediate time instituions have hit a wall at 50 cents.
Below that is what they hoped to pay.

So short term resistance.

Expect that the impending developments will bring out additional institutions and/or rethink of Anvil as an investment.

Then on to 60 cents.

Soon I hope.

Still believe Anvil share price will be at its strongest and highest early 05.

Nice journey on the way there?

That's how I see it anyhow.

NT