If you?re looking for AVB to be $1 it may be worth looking at the life cycle (pre GFC) of PNA. I think I bought in at around 20-30 cents market cap of around $150-200M, had a JORC, had a small heap leach operation but no funding for the expansion of its JORC, and a mid-term mine life. I sold out just pre GFC at around $1 average (It fell to 8 cents in the GFC). When I sold it had funding, built the mill, had funding for the expansion and had just become a producer at the major site (Laos?s worse country for stability than Brazil). Its market cap was around 1.5B (from memory).
During the GFC it had to capital raise at 10 cents and again at 15 cents, I think. Today as a producer, high copper price, good profitability it is back around 90 cents and MC of $2.6B.
This process, for PNA, has taken around 4-years. AVB IMO is only at the 1-yr mark, plenty of hoops to jump through, plenty of risk to flow under the bridge. Remember what your staking possibly an eventual 1000% gain or possibly 100% loss.
Hope this helps.
4TK
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If you?re looking for AVB to be $1 it may be worth looking at...
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