I'm sticking with a price target from towie.50 cents would make...

I'm sticking with a price target from towie.

50 cents would make the fully diluted market cap of AVB close to 500 million. Not impossible. We need some developments to play out for us to make a move to 50 cents though. The questions,

HGZ at Antas South - How far does it extend? 25% copper grades is as good as cash in the ground. Where is the revised resource estimate? Where is the trial mining license? These announcements will fundamentally change the direction for Avanco.

Serra Verde - What is in the ground waiting to be found? Could be big. If we hit something big down there then 50 cents will get smashed. The big boys would not let a junior develop a large discovery. They will pounce.

Antas North - Another deposit similar to Antas South. They need to get some drill rigs up there too. AVB just have too many targets to drill. Plenty of promise at Antas North and also some very good historic drill hits.

"The 10 holes drilled at Antas North tested a soil anomaly 700m in length and 200-400m wide. Best results included 49.3m at 2.04% copper and 0.4g/t gold from 76m and 19.4m at 1.63% copper and 0.43g/t gold from 125m."

These are very promising historic drill results.

Antas North - Will Vale discover another big ironore deposit? Well lets hope so. More cash to us. This will limit dilution as we drill our many other licenses.

It's clear that we are in an excellent position right now. We have a fair amount of shares on issue due to the GFC but AVB can still bring in some considerable gains to its holders. With many promising projects running atm and many more targets to drill its a good time to be holding.

The above targets are what I'm mainly interested in. There are many other targets to drill though. Nickel, platinum. The new target on the Xstrata license also appears to be high priority since it was never drilled. Just read the announcement and its amazing to see the Southern Copper Anomaly has also never been drill tested. What?? I can't believe that. Too much to do..too little time.