I did wonder at the time if that comment had something to do with the "Terrativa Option" on Avanco's tenement list. They had quite a few of them listed when that statement was made in December. Most recently I think it had been trimmed down to just 2.
Im not sure if Avanco were just reviewing some Terrativa's blocks to see if there is anything of interest worth striking a deal over.
@Chezd would know all about this I am sure. I really dont know the story behind the Terrativa Option blocks.
I know Terrativa years ago at least used to hold a lot of land. Possibly one of the largest in Brazil. They are a privately owned company.
I do know that last year an Australian explorer ( CTM ) came to some arrangement with Terrativa to acquire a prospective copper lease.
So, as far as a JV type deal goes, that would be my best bet. Certainly not much to get excited about.
AVB Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held