AVB 0.00% 16.5¢ avanco resources limited

Impeachment Pending Destabilizing, page-84

  1. 6,689 Posts.
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    happy Hippy,

    Two years we couldn't have predicted that the current market would be so bad. In fact I was saying 3 years ago that I thought that the mining market was about to turn positive. Instead it has got worse. Some share prices and commodity prices are now close to the GFC lows of 2008.
    To even try to predict what a share price may be you need to predict how the company will go and how the industry will go.
    Hard enough to get one right.
    But if the mining sector was booming, growth in China accelerating and the price of copper above $3.50 then a share price of 20c to 30c (pre-CR share number) would not be out of the question.

    As for mothballing to wait for a better copper price, well, we are still 9 months away from the first shipment (my calcs only).
    We also have the option of putting lesser or higher grade material through depending on price as well as stockpiling because we don't have the bank to please.
 
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