trading halt, page-4

Maybe, their reserves are enough only for 4-5 years at 280koz production. My opinion is the following:
- They are a producer and large producer at that, while many others arent and have similar cap. Avoca can realise gains now when price of gold is high. While pog is predicted to rise higher, nothing is 100%.
- Having all this cash means they can acquire resources and reserves relatively cheaply.
- Avoca has been operating/producing for many years with low reserves and they are doing fine. They are proving time and time again they are capable of finding more gold. Now of course with Dioro they have even more land holding and resources to convert to reserves.

Bottom line is they can produce for years to come, but who knows what price of gold will be in 5 years? They are in production now (250koz this year?) and have one of the best land banks in a country as far as gold exploration is concerned. If share price is not $3 soon and $4 in 2011 I'd be surprised.