Hi Awoonga,
Not whilst the spot copper price is tanking, regardless of the mine closures and production reductions else ware, if commodities keep falling the way they are and China's GDP doesn't improve there will be little spark in any commodities equity ATM. Brazil's main customer is China. Maybe management might need to look at other customer so as to not have all their eggs in one basket.
Not looking good for all commodities ATM not just due to the US$ but demand has greatly decreased in these last months with sentiment for commodity equities at an all time low. My issue is even if we begin production whether there will still be the interest in AVB as an investment if copper is going to get smashed every second day. Hopefully the commodities cycle might be in a different Moon, Neptune or even in Mars, by mid next year once production starts. Looking forward to the 2nd Qtr report for something new to excite me.
GLTA
AVB Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
