AVL.V - AVALON VENTURES Message Board

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Gold/Mining/Energy : AVL.V - AVALON VENTURES

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To: DRT who wrote (508)	1/30/1998 12:57:00 PM
From: Andrew G.	Read Replies (1) of 1474

DRT: I don't know where you're getting 10M tons. The report has two separate zones. The open-pitable resource at 5.2M tons and the global rource estimate at 7M tons. That's 12.2M tons which is a significant difference and could add another 22% to your earnings and share price estimates. Still AVL is a Canadian Vancouver exchange stock and like all such stocks it is heavily discounted (post-Bre-X). It doesn't make sense and it's not fair, but until the investment community changes it's mood toward these grossly undervalued stocks, AVL may trade well below it's true value.

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