AVB is in investment "no man's land" at the moment
It's still an explorer yet all the hype surrounding its initial discoveries has gone. Nobody really knows the way forward because they haven't really set it out so, noone is pricing in any value as a producer. Forget about the market attaching any huge value to its in ground deposits even though they are, as you say, there and not going anywhere
The risk capital that has returned to the market is chasing the " flavours of the day", the stocks announcing initial discoveries....AVB is old hat in this regard
Perhaps when the hype dies down and the market starts again to apply more traditional valuation methods, AVB will be back in vogue. Until then, more of the same
AVB Price at posting:
5.7¢ Sentiment: None Disclosure: Held