AVM could get taken to the woodshed if (when?) the DRC takes a big chunk of their properties and revises the tax/royalty scheme. AVM seems to be dead center in the DRC crosshairs due to one of the most generous (or abusive depending on which side of the table you sit at) royalty/tax regimes in the DRC.
I think Katanga/Nikanor is better value, especially due to their very big Cobalt production. But I wouldn't own either while they are renegotiating.
And yes, why head to DRC when Canadian/US plays are significantly undervalued anyway? Some are cheaper than the Congo plays and that's an astounding thing.
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