Im not going to call a price as this is impossible considering traders, investors or any news items could send it anywhere, what im going to stick with is a market cap price for AVB north of $100m when comparing its peers with nothing but speculation as of now, this translates to around 14c fully diluted(shares and options)
With the next round of drilling if AVB can show more juice like the previous round they could easily value between $125m and $150m, this is based on the copper resource value well in excess of $500m(cut off 0.3% Cu 66k T Cu) and unlimited exploration upside, this puts AVB anywhere from 14c - 21c fully diluted. The downside from 7c is rather small.
Cheers
AVB Price at posting:
6.9¢ Sentiment: None Disclosure: Held
