Not sure farlap. If we see the 4s while we are producing I can hear alarm bells. Personally I think there is a much greater chance of China pottering along with 5-7% GDP for many years and copper trading in the $2.00 range. Holding AVB is now a punt on China revisiting the growth of a few years back. The whole enterprise was built around an insatiable demand from China for copper.
With Brexit adding more uncertainty there will be less and less money going into spec/risk shares and more wanting out to put in safe havens. Hard enough to find buyers now to put upward pressure on sp.
Picastoc will be better off holding onto the 121 for another decade. Then I suspect it will be worth more than AVB
Go gold!
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Share price $0.053 vs Future cash flow value of $0.37, page-15
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