market capitalisation

Just some observations re AVB and its closing share prices, # of shares on issue and market cap at the end of each calendar year for the last 3 years (plus today) -


SP # of Shares M/Cap

Dec-10 0.145 792,114,243 114,856,565
Dec-11 0.100 949,379,947 94,937,995
Dec-12 0.077 1,113,993,968 85,777,536
Dec-13 0.072 1,355,009,187 97,560,661

The initial observation to draw is that the market has not rewarded AVB for any JORC increase at all.

I would expect that approved finance should double the SP & market cap, and we should see a steady re-rating into the low 20's by production time in early 2015.

I'll be a very happy camper should that happen.

NHY to all AVB holders.

HB