If the news comes out that Kolosori is lost the scenario for AVQ would be a value based on the
assets (not potential of licences not held). Therefore would be SJ as a stand alone, west guadalcanal with only 2.5 years left on exploration licence before no ability to reapply for extensions and basket of old QLD bits and bobs, sub 1M in the tin, 2 year redundancy package if RM got rolled plus ongoing nonoperational opex of 140k per month (all numbers in AVQ annual and quarterly reports)....based solely on the above scenario my own opinion is that this could sustain about 3-6M market cap? Reality would be a junior explorer with no money, a low grade small Ni asset in high risk, expensive to operate in jurisdiction and a bit of gold copper arm wave fluff on the side? SJ just doesn't have size/grade to be viable at current economics. Any rerate in value would really only be considered in future based on change in external parameters......as either a JV with potential new Kolosori owners or waiting for significant rerate of pig nickel or new low cost processing enters the market.
AVQ Price at posting:
8.9¢ Sentiment: Sell Disclosure: Held
