Yes, BH and ajostu... sorry but I guess I am casting around for...

Yes, BH and ajostu... sorry but I guess I am casting around for something to hang my hat on with Avanco. To see what others think too.

I am pleased that the Cu resource is being built up, tenements are absolutely brilliant and exciting, location is superb etc. etc. But Valuations are based on 3% only of copper in ground. And AVB is rated at about 1% at present. 1% !!!! How miserable.

That is the contempt with which the market treats explorers like Avanco. Three miserable percent is the rule of thumb!!! Peanuts. So you got some dirt with some copper down there somewhere.... THAT does not make copper piping.

To turn that ground into a Mine (with real money in bank) at Antas North producing REAL SX-EW copper takes $250m according to the Argonauts (page 5). Say it slowly and it sounds like what it is... a LOT of $'s !!

Where will that come from.? Who will stump it up??? Get it financed and you mine your copper and receive a lot more than 3%. AND a BIG re-rate in the Market.

Until then it is 1 - 3% only.

DSO is a gift from above. Complete with Trial Mining Licence. Minimum capital to mine it, then direct ship out the gate. It is that rich. Money comes IN instead. It has to be done, so do it NOW!

Anyway..... At least Vale and Avanco have something in common.
Vale is a Major Miner.... and Avanco is a Major Minor too, at least in the Carajas). :)