AVB 0.00% 16.5¢ avanco resources limited

exceptionally high grade copper, page-28

  1. 1,208 Posts.
    Check out the chart on page 5, the massive results of 32m @ 14.7% CU and 9m @ 50% CU are literally right next to the drill results 83 through 102 which are still pending. Surely these won't be too far away?

    They're likely to be closely followed by the official mining permit which should arrive anytime now. In the announcement they state "having already received the more onerous "Operating Licence" the company is not anticipating any difficulties associated with issuance of the Trial Mining Licence".

    Two other things:

    - Options, given they are in the money with a very long expiry, trading at a massive discount right now.

    - I know I said the other day that Vale wouldn't be looking at AVB just yet, but I do wonder what they think about this...
 
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