With the latest foray into coal mining it is difficult to come up with a valuation for AVX. They still have cash and they still have Biotech projects but what do you factor in for the coal. The feasibility studies make the potential look good but at what stage is the potential profit factored in? Do we just wait until we see first coal mined and sold. They must be working towards sales contracts. Perhaps an update or two from the company might be nice. I would appreciate any ideas as the current prices are starting to look attractive again. IMHO!!!
AVX Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
