Thanks for the reminder and for your informative posts during the year.
My hunch is that AVM will surprise us in 2006. The recent stake in Dynasty in China could be the first of several acquisitions to build resources, and the operating cashflow and profits you mention plus dividends should alert the institutions to the fact that AVM has proved it has recovered from the tungsten debacle, knows where it is going and has the management strength to deliver. IMHO, a core holding for the gold bull.