Read yesterday that more than 85% of mining companies (of the 700+ listed on the ASX) are in financial distress (large loans, banks applying pressure, high production costs).
Must gives AVB holders a huge level of comfort knowing you are invested in Avanco with NO DEBT, FULLY FINANCED, NEXT PROJECT KNOWN (PB), with pending near term JV OPTIONS.
Also, when you do eventually start mining, AVB are in the top 10% cost of explorers/producers in the world AND in the right/richest part of the world for production!
Go Avanco!!!! $$$$$$$$ Won't be long, as AVB have a big point of difference on most other copper miners, and ALL other start up copper hopefuls.
Looks like I'll need to pay north of 6c if I am to achieve my goal of 1m AVB shares on or before AN start mining.
R'on'R
AVB Price at posting:
5.5¢ Sentiment: Buy Disclosure: Not Held
