Avalon Advanced Materials Inc (AVLNF)

[RonnieD]

Avalon is still a long time away from revenues.
The feasibility study for construction of full
mining operations (which they need for a loan to finance
the mine) won't be completed until later 2012.
So, it's primarily a play on RE asset values, until
later next year. At first I liked its chances for an
early rebound in January, which may still occur, albeit
with limited upside, now that RE values are not expected
to rise much.
I've decided to allocate that part of my strategy which is
dedicated to precious metals and rare earths over to the
platinum side instead. Although there are certainly some
values in gold and silver, I think platinum has the most
potential than all of them, especially now being one of
those rare times that it's spotting less than gold.
The best low-priced revenue-producing platinum plays
I know of are Anooraq (ANO) and Prophecy (PNIKF).
Prophecy Coal (PRPCF) is also interesting,
and owns 42% of Prophecy Platinum. Still, I went with
Anooraq because they just got upgraded by Macquarie
to outperform, as their restructuring with Amplats
is expected to monetize some of their massive 100mm
ounces in-ground reserves.