Any price above $2.00 makes AVB economical. Any price above $2.50 makes AVB attractive. Any price above $3.00 makes AVB very attractive. Any price above $3.50 makes AVB very profitable and well sort after.
The price of copper has recovered from the low of $2.90 mid March to $3.17 today. There appears to be a sustained climb and breaking above $3.40 is the immediate test.
A climbing copper price supports our share price. The impact is probably small at this stage but increasing as we get closer to producing early 2015 and as our total resource increases.
A higher price of copper will have a multiplying effect on the share price as each of the fourth coming announcements are released. The end game afterall is AVB becoming a copper producer.
Speaking of announcements, only 25 trading days left in Q2.
Sentiment: We'll make a whopper out of copper.
AVB Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
