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Re: daredguy post# 32297

Tuesday, 04/12/2016 5:23:17 PM

Tuesday, April 12, 2016 5:23:17 PM

Post# of 35774
ASM - $CAD 12.20 AISC.

I'm not buying ASM for it's cheap multiple. It was a profitable, free cash flow generating little producer in the silver bear doldrums of 2014 and 2015 with $CAD 12.20 AISC. 2015 AISC was $CAD 12.14 or $USD 9.49 (used the annual average F/X rate there). That is very low. Careful as Avino reports in $CAD so PR's in $CAD too.

http://www.avino.com/s/news.asp?ReportID=741483]

Avino is a low cost little producer with a long history and management that has minimized dilution over DECADES and still only has 36M shares out (mine operated in 70's and 80's and then shut down for a couple decades but NYSE listing somehow maintained). They were around 27M shares for decades I believe and didn't blow out the share structure when they re-started Avino and then started mining the San Gonzalo vein for the first time (new mine believe. Need to get back up to speed on Avino).

Closing MC was $USD 56M today. This is a go-to name for a solid little producer if silver keeps going up for the next couple months. Also trailing the rest of the sector in terms of share price action.

Others will catch on to that chartline break I posted later this week but you saw it first here!

Also:

- I've seen summaries of the best performing gold and silver equities during the end of the 70-81 gold bull and Avino was one of top 5 performing stocks in the final years (maybe 78-81). Traders know that history.
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