Surely its about time management provides an update on the construction schedule (and ideally a revised financial model using near-current LME pricing). Despite near-record LME and an admittedly very solid last 6 months, this stock does not appear to be getting the traction it deserves with its "prodigous cash flow" event just around the corner (we hope!!!). Australian analyst coverage (a pipedream?) would help. This from yesterday's AFR quoting Citi's Sainsbury "We see Equinox as the best value across our copper coverage universe". Granted, these are 2 companies with completely different profiles but nevertheless IMO AVM is at least as good a proposition as pre-production EQN and as a current value proposition (even risk adjusted) it kills it. The resource is far superior and it will be producing cathode very cheaply.
AVM Price at posting:
$7.00 Sentiment: LT Buy Disclosure: Held
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