Profit taking, page-20

"It is a strategy for fairly inexperienced investors that does not make a lot of sense. "

on the contrary. Look at the Mining Life Cycle chart below and then compare this to a mining company which has been through the various phases. For example, look at a 2.5 year chart for AJM. Note the similarities; the difference being the time frames. Disclosure: I have held AJM for about 2.5 years which is why I am familiar with the history.

Will AVL follow the same trend? Maybe. It will be dependent upon the progress AVL makes over the next 6-12 months [feasibility, off-takes] and our go to market strategy [build our own mine, partner with Windamurra etc].