only had a quick glance at AVO today so stand to be corrected where wrong;
i think AXM have the wood over them, they only have a 1.5mil ounce resource which seems to be a lower grade than AXM who have 3mil ounces. both have a 1mpta plant however AXM is targeting 200koz and AVO 170koz production.
both secured approx 70mil. both have put options though AXM seem to have a higher price locked in.
AVO is all undergound it seems? their upside may be Chalice is that open pit?
not sure what costs/margins AVO are targeting??
AXM do have more shares on issue.
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what price should it really be?, page-24
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