Historical share price over the last few years and then factor...

Historical share price over the last few years and then factor in the shitload of shares that have been issued since IPO.

Even if we win the court case it'll be a long time before AVQ can even think about turning a profit or issuing a dividend. Then you need to look at all of the options floating around that will be taken up if they win - further diluting the share pool.

After that, they have to map the deposit, confirm the depth and richness, then they have to either find a jv partner or they'll have to capital-raise a massive amount of cash to mine the thing themselves. Unlikely, but possible if they can't find a partner. I'm thinking it'll be at least 5 years before the first shipload of ore leaves the yet-to-be-built port.


So I'm guessing that we won't rise much above 5c - even in the best scenario - until we win the court case and find a jv partner.

Cheers