GREY:AVGCF - Post by User
Post by
greener12345on Jun 14, 2011 9:17am
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Post# 18711551
AVR
AVRAvion Gold (AVR : TSX : $1.71), Net Change: 0.07, % Change: 4.27%, Volume: 8,079,836
Shares of Avion Gold continue to surge after the company announced positive Q1/11 earnings, an increase in their interest in
the Kofi Gold Project and more excellent drill results from its Hounde Project in Burkina Faso. The good news flow in the last
week has resulted in Avion Gold shares increasing by approximately 20% in the last several trading day. Canaccord Genuity
Precious Metals Analyst Steven Butler sees significant re-rating potential and valuation upside following continued resource
growth, successful execution of the Tabakoto expansion and advancement of the Kofi and Hounde projects. Butler sees Avion
producing 100,000 ounces of gold in 2011, increasing to 200,000 ounces annually by 2H/12. Adding to Avion’s share price run
was the announcement last Friday that S&P would be adding the company along with 15 other names to the Market Vector Jr
Gold Miners index.