Last time under 1.7$?Avino is now trading at ridiculously cheap levels. If the markets pull it together this could even be the last time it traded under 2$. Both silver and the junior resource companies have sold off heavily and I would never think we would see this type of massive selling, especially not in such a short period of time.
Many times the market tend to overreact thats why both silver and Avino has the potential to move as fast up as it moved down.
For 2012 Avino is estimated to produce 1.1 million ounces of silver
If we assume the price of silver to average around 40$ for 2012 we would have the following earnings:
40-10 (production cost)= 30$
Tax: estimation of 30%= 21$
1.1 (million ounces) x 21= 23.1 million USD
We are currently trading at a market cap of around 40 million USD! Therefore it would not be surprising to see this stock trade around 10$ next year.
Do your dd
Oil Investor