Avocet Mining 2005 – towards 300,000oz gold production in 2006.

Did anybody read the pwc study on aim "junior mine"? 9500 mio market cap, 2500 mio shareholder's equity and 640 mio revenue, no earnings but a loss of a few millions.

As the average AIM listed company Avocet should trade above 200 based on shareholder's equity and above 540 based on revenue (although that high figure comes from companies like POG and Bema with big reserves but low production profile).

I have the feeling that aim will have its share of successful companies after that huge amount of capital injection. After all Avocet isn't that badly positioned.