What a great performer AVB has been in recent weeks, delivering many holders a 10 fold increase in the value of their investment. Speculation is likely to increase this week as results from a further 20 holes from the Rio Verde Copper Project are due to be received any time. As per my previous post they include holes 83 to 91 which are lines 30-40 metres on either side of the line where they hit 9m @ 50.49% Cu. On the lines on both side of the two lines where holes 83-91 have been drilled, there were high grade intercepts of 4m @ 21.53% Cu to the Northwest and 6m @ 21.02% Cu to the Southeast. Based on these actual results and the spacing between the lines I would be very surprised if there aren't some extremely good assays in the two lines where holes 83-91 have been drilled since they are sandwiched in between lines where substantial assays have been returned. The strike area of the copper rich zone appears to be at least 140m in length and approximately 30 metres in width as shown on the map below. An update on the company's iron Ore Project on the 29/9 indicated that many of the awaited holes have logged abundant copper mineralization. News Due: Assay results from holes 83-102 from the company's Rio Verde copper project in Brazil. Price Target: The stock easily exceeded my target of 13.5 cents last week and powered ahead to a high of 20.5 cents before a period of long overdue consolidation began. That period of consolidation looks to have finished on Friday with the price breaking out from a flag formation. The next target of this breakout is 25 cents however as mentioned earlier the results will need to live up to expectations for it to get there. Disclosure: No stock Held
AVB Price at posting:
18.0¢ Sentiment: Buy Disclosure: Not Held
