Avocet Mining
Avocet Mining
Avocet Mining
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VALUATION METRICS12 month high:low of 286p:162pCash balance US$105m and debt of US$29m at end of year 2011P / NAV 1 of 0.7xEV / EBITDA 1 of 5.2EV / Resource 1 of US$70.4EV / Reserve 1 of US$238.1Regular dividend of US$20m pa, current yield of 3.9% 11. At current share price, balance sheet figures as at 31 December 2011AVOCET MINING INVESTOR PRESENTATION * APRIL 2012Page 6