AVM should open around $15.50 on Monday. They are currently trading at PE of 3.5, but most of the mining companies are trading at PE of 10. So, I believe AVM should be worth $35 atlease using PE of 10. I think the main risk factor here is that they operate entirely in Africa, which mkts thinks that it is a major risk, infact it is their major strength, as they can still afforted to get cheap labour whereas other mining co's find it hard to control project costs. I think once AVM results are out for the 4th qtr, we can easily see that this stock will cross $20 mark!
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
