Ann: Avanco Acquires Pantera Project from Vale, page-25

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rusty02

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17/01/18

22:27

Post #: 30387374
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Originally posted by longwindingrd ↑

Yesterdays ann re Avancos firm commitment to purchase outright ownership of the Pantera project is absolutely massive for AVB going forward. I had to keep pinching myself and rereading is this possibibly true.
This is not an up ramp im genuinely over the moon, its quite extraordinary that we could negotiate so skilfully a quality asset like this with so much potential for so little with minimum risk and everything to gain.
It speaks volumes for TP and Lous teamwork for pulling this off our relationship with Vale must be in excellent standing as we go forward. Of course it dosnt go astray to have friends like Evy Hamro of Blackrock who is invested heavily in both these companies. It makes you wonder what other deals Avanco are lining up for us SH.

With this stage 3 copper project walking the walk and further drilling stacks up, we have just potentially more than doubled our copper in the ground. Profit from mining and LOM have just increased substantially.

For any newcomers to AVB apart from doing your own research, please read some of Kalenns posts they are very informative and give you a really good idea what this company is about. This guy even took a 42 hour trip from OZ to Brazil to witness first hand Avancos operations. Kalenn is not just your average SH he is very highly regarded here with his generosity of sharing with all.

This ann has now made my travelling that much more exciting, wish everyone well with this great news.

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Good to here from you again Longwr
Yes in effect we wil have doubled our in ground resource with the Pantera acquisition so one would expect as more measured and infered results come to the market a substancial rerate in MC should follow. Pantera has the potential to double the GCF once in production. Looks like MACCA are gonna be bizzy over the next few years.
Best of luck to you, shers and management over the commissioning periods of each stages.

AVB Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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