I think AVM is going to have a stunning year.I'd previously...

I think AVM is going to have a stunning year.

I'd previously thought that Dik was a handy little cash cow to kick off AVM - too small to be significant - but after reading the recent report its possible extensions along strike to the orebody and therefore Tonnes per Vertical Metre could justify going bigger.

Kulu is a great little earner that will only improve with value adding through the electric arc upgrade.

Kins is a monster. And its a growing monster as last year the rigs had been diverted from other targets which are still to be tested. The first stage production will be a confidence boost and yet more cash coming in.

Copper has stabilised at a comfortable level that fundamentals indicate is likely to be for the long term.

AVM has a wad of cash in the bank to cover cap ex coming up - plus more following what would have been a very profitable quarter.

Given the likelihood of a divvy this year I think we will be long past $2 ($20) by this time next year.

All the current snapshot shows is that the myopic CBA is yet again squashing the share price through a mechanical selling strategy. Deja Vu for the long term holders and another reason why although there are tax benefits to putting more money in super - the performance once its there is less than ordinary.

Holding and Accumulating.

Stu
DYOR but theres nothing wrong with listening to others that put forward a logical case - standing on the shoulders of giants of which Hotcopper has many giants - just need to spot the ones that are on stilts.


Holding AVM ZFX BNT CRK CUS