Avanco Resources began this week, the copper concentrate shipment, after nearly nine years of study and construction of a copper ore processing plant and mine in Curionópolis (PA). The inauguration was on Tuesday (19) and had the presence of one of the managers BlackRock, one of the largest funds that invests in mining.
(subscribe to read the full article)
I also believe this is talking about normal shipment not the small 500 tonnes shipment that would have won me the bet. A couple of days to get to the dock and AVB gets paid 90% of value up front.
This weekend they are probably cash-flow positive. Wonder why the price started moving late this week?
AVB Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
