Hi guys, bought more today at 4.9c got very lucky.
Ive been going through that latest presentation at the diggers and dealers, page 21 where all the resources are.
It shows AVB have in total JORC 664,000 Tonnes of copper
which I calculated using $2.05US copper price to be worth about US$3 Billion
We have 524,000 ounces of gold in JORC total
Using AUD$1700, that's worth about AUD$890 Million
Yet we are still 4.9c, I don't get it. Company has no debt, $20million cash, sure copper is near all time lows, but still, this is definitely the time to be accumulating more isn't it.
I mean even if the world goes in recession again, world will always need more copper like we have here.
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By the way, I know im probably getting ahead of myself, do you guys here remember a company called OXIANA yrs back?
It was a gold copper play in laos, got taken over yrs ago.
AVB is a copper/gold play too right? could AVB be a baby Brazilian Oxiana?
cheers guys.
AVB Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
