AVB 0.00% 16.5¢ avanco resources limited

Raise $80mill to make $120mill in 5 years mining. Not a very...

  1. 4,221 Posts.
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    Raise $80mill to make $120mill in 5 years mining. Not a very good transaction. Might as well invest it in a managed fund at a 10 % return. Do nothing and get about $130mill after 5 years. Or buying property fully leveraged let it grow and get much more. Why would you bother mining.
 
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