RE:v.AVG holding up well in today's mkt :)Actually, its quite expensive relative to peers. AVG has an MCAP of almost $ 40 million with only a handful of trench values. Crazy really.
They will also have to raise a lot more money now. Operating in Alaska in US dollars is a very expensive business. The last raise will not cut it. I expect another financing real soon. If they are smart, they should try to lock down another $5 millon now.
Good people at AVG and great location in Alaska proximal to Kinross.
But $40 million for trench results, is a high price for me.