AVB avanco resources limited

Centro is GO

  1. 10,075 Posts.
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    Now I have bought enough of them I can share my research.
    Our gold mine cannot be so different from other gold mines in the Gurupi belt.
    I researched Montes Aureos and Trinta both owned by Brazil Resources. If you look at a map you
    will see that these projects are not so far from ours. Brazil Resources were positive about both prospects at one stage, Montes Aureos was once the company's 'primary project.' Nevertheless neither project was progressed. Did they run into the same environmental obstacles that has halted Centro?
    This was not the case, Brazil Resources simply turned their attention to even better prospects.
    The clincher for me in buying AVB is the Aurizona project. Aurizona went from completing a feasibility study to getting a mining licence and starting construction in less than 2 years.  If that's possible then AVB are very likely to be successful with  Centro.
    Something else I concluded after studying a range of  Gurupi mines, the original deal with Jaguar wasn't that great, Centro had been advertised for quite a while with no takers and there are similar mines in the belt that have not gone ahead. But AVB were lucky, the further exploration uncovering superior grades makes Centro quite special in an area where low grades predominate. Centro will be very profitable.

    Aurizona project
    http://www.equinoxgold.com/assets/pdf/Technical/2017-FeasibilityStudy-Aurizona-website.pdf


    https://globenewswire.com/news-rele...e-Construction-of-the-Aurizona-Gold-Mine.html
 
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