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0.00% 16.5¢ avanco resources limited

I'm no mathmagician but...

  1. robbo24
    10,862 Posts.
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    08/12/15
    07:21
    Post #: 16565601
    1 tonne = 2204 pounds

    AVB cost = $1.57 per pound/$3460 per tonne

    Copper price = $2.09 per pound/$4606 per tonne

    $4606 - $3460 = $1146

    $1146 * 12,000 tonnes = $13,752,000 profit for copper

    Now to consider gold... When I have some time...
    AVB Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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