By my best rough guess, AVM should be on a pe of 5 on current...

By my best rough guess, AVM should be on a pe of 5 on current production levels with Cu around 2.40/lb. This thresh hold should fall very quickly from here as the planned production profile takes shape over the next couple of years all the way down to around 1.80/lb. ... and here we are still sitting well above 3 bucks!

This is a good buy as soon as some stability (read sanity) returns to the market. First on my shopping list anyway.

I know the arguments about using pe's for mining companies, but AVM operations will all support long-life mining imho.