AVB avanco resources limited

fibonacci retracements, page-26

  1. 13,667 Posts.
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    The traders will be back. Half of them are still holding and half are probably on the sidelines waiting for the next big announcement. When this happens she will push up even higher. I dont consider myself a trader so I'm not too worried by todays price movements. I also wasn't lucky enough to jump on at a cent or lower but I have recently taken a holding in case this high grade section of the resource does extend. If you think they have not hit big between the other positive drill results then you should bail.

    We are waiting on many 2010 results surrounding and between 2008 drill holes below.

    ARVA-17

    38.0m at 7.49%Cu from 0m
    Incl. 14.0m at 18.99%Cu from 22.0m
    Incl. 4.0m at 50.6%Cu from 26.0m

    ARVA-24

    26.0m at 5.47%Cu from 18.0m
    Incl. 6.0m at 21.02%Cu from 32.0m
    Incl. 4.0m at 28.8%Cu from 32.0m

    ARVA-49

    20m at 5.12%Cu from 13.0m
    Incl. 4.00m at 21.53%Cu from 17.0m
    Incl. 2.00m at 34.1% Cu from 19.0m


    If I were a betting man I would put money on it that we will have more excellent results. The results above are already excellent. Lets hope the high grade resource extends further northwest and southeast of their 2008 high grade hits. The results were very shallow which is a plus. If they find more of that then there will be more fireworks as its possible we will have a nicely sized DSO resource.
 
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