Post by
DouglasFir2 on Aug 13, 2023 10:02am
Highly undervalued
Durrett is pretty keen on Avino. See his report dated May 2023. And the company presentation. With an existing mine and cash flow with the La Preciosa project Avino has 350m + oz AGEQ with a market cap of $100m. The Directors seem to think so too. Significantly the cost per oz is forecast to decline. There are the ususal caveats, risk, lead times etc. Not for the faint hearted. Only place what you can afford to lose. Imo the downside from the current sp is low