AVB 0.00% 16.5¢ avanco resources limited

Fact is AVB has a Copper Mine, page-3

  1. 1,375 Posts.
    Yes vespasian03. There facts are in front of us - both convenient, and inconvenient.

    Convenient - AVB are building a mine, AVB are debt free, AN will be profitable (even at current copper price), AVB have not only other prospects PB, but have tenements in one of THE worlds richest mineral areas, history tells us that all commodity prices are cyclical, AVB have 4 LARGE investors who have invested at 10c and more recently 8c. AN construction is on time, under budget, and WILL be commissioning Q1 2016 - bring it on. AVB are several million dollars better off due to the Fx swings (I think the last quarterly cash flow indicated $5-$6m). Upside potential vs downside risk is currently very appealing.

    Inconvenient - AVB are not mining, Copper price is poor, AVB share price is poor.

    All things considered above, there are more reasons to be buying than selling.

    GLTA
 
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