crj - copper range limited - avb connection

To be fair I posted this on the AVB forum but is just as relevant to CRJ.

Can anyone tell me if CRJ currently holds AVB.
If not, has anyone heard whether CRJ might become involved with AVB?

Cheers!



Friday, March 4, 2011
CRJ - Copper Range Limited - AVB Connection
Copper Range Limited - Ticker: CRJ
52 week high: .04c - 52 week low: .013c
Shares Quoted: 492,472,009. Unquoted: 0
Options: (CRJO) 300,951,902 (1.5c ex, 31/12/12 expiry)
Unlisted Options: 31,695,000 (various ex price, various expiry)
Directors: Matthew Wood, Timothy Flavel, Brian Rear, Mark Arundell

The steep rise of Avanco Resources in 2010 from a penny stock to an emerging producer has brought Copper Range at least to the attention of traders if not yet longer term investors. While Copper Range has projects enough to stand on its own two feet, the connection to AVB cannot be ignored.

Not only do the two companies share a senior board member in Matthew Wood, they also share offices on the same floor of the same building. The phone number may be different, the fax and post office box are the same. Such things often escape the minds of some investors but the experience at AVB has delivered results. From a share price of just .015c last June, AVB hit a high of 23.5c late last year before consolidating in the mid to high teens.

AVB is sitting on a potentially massive copper resource in Brazil, with grades of resource drilled so far exceptional to say the least. They have also negotiated a deal potentially worth $40m with the world's largest iron ore miner, Vale. Having completed a $20m capital raising, AVB are in the process of a 25,000m drilling program to further develop the resource and look for new opportunities.

Why is all this important? Because CRJ are actively seeking out a venture in Brazil, no doubt hoping to replicate the success of their sister company. With the runs on the board at AVB already, the shared experience with CRJ will go a long way in making this a company to watch. They also have other projects with potential here in Australia, at least one of which is worth watching in the coming year.

CRJ are well cashed up, with 3.4m at their disposal after a successful capital raising.

According to the most recent quarterly report "The Company continues to assess a number of opportunities in Brazil with new projects regularly being presented." Ie, watch this space. A good acquisition is likely to see much more trader and investor interest in CRJ. Longer term, the experience of AVB will be of great significance to a Brazilian project.

In Australia, as well as an Iron Ore prospect in South Australia as well as a copper/gold prospect in conjunction with Barrick Gold, CRJ have three applications for Phosphate prospects in the Northern Territory. They have been granted approval to negotiate with the Northern Land Council for one of these applications and a work program is being finalised. With Phosphate/Potash/Fertilizer stocks running hot, this could be one to keep an eye on.

Conclusion: A cashed up company with no debt and a strong connection to an emerging producer. A good acquisition in Brazil as well as a potential phosphate site in Northern Territory could prove very lucrative for CRJ in the medium to long term. Further work on the Iron Ore and Copper/Gold targets in Australia could surprise.

Posted by ASX123 at 2:06 AM
http://www.asx123.com/2011/03/crj-copper-range-limited-avb-connection.html