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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Golf Pro6 who wrote (1426)	12/20/2000 2:55:41 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 1474

My average price is $1.25. Your risk at 60 cents is better than mine! Anything can happen to the market valuation of a company with no cash flow. I will buy some more subject to the next assays from Lillypad. The Big Whopper presents a long term asset that is also very difficult to value. It's probably worth a few multiples of what it cost to find and explore. They might be able to sell it for C$5 million if they run out of cash and nobody wants to buy more treasury shares. I'd like to see them get a strategic partner to develop a petalite product for the partners use. That would be good but so far I think they've tried to develop this property themselves which is clearly a no go at this time. I've bitched about this exit strategy before. Oh well, we'll see.