AVB 0.00% 16.5¢ avanco resources limited

Ann: Carajas Activities Update , page-12

  1. 864 Posts.
    Short term appreciation could be realised by much better promotion of the copper they have and the potential for future high value discoveries.
    For instance, they have exceptionally high grade copper gold finds at Serra Verde, but info on that can only be found in the prospectus. What is the potential there if the mineralisation extends over a wider area to great depth?
    Rio Verde's high grade zone extends for another 300 mtrs, more than double the strike zone of the JORC area. What would the resource size be if they find more copper at 5-10% over that area and at depth.
    Antas North has 2.4% copper at surface, again, what is the potential here?
    Yesterday's announcement mentions that Rio Verde is one of 9 areas with copper showings. That comment is made to market the company and increase its attractiveness to investors, so I believe they should do it properly and set out the potential so it's easy to read and understand.

    This is company with a JORC that on current copper prices will realise a profit of nearly $100m and who owns another 9 promising copper strike zones, some of which have potential for super high grades like Rio Verde. So the JORC, worth nearly $100m in cash flow, may be only a fraction of what the company owns and yet it sits with a ridiculous mkt cap of not much over $10m.
 
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Currently unlisted public company.

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