Avanco Resources is an ASX-listed junior copper and gold producer and developer focused on projects in Northern Brazil. The producing Antas Mine provides the cash flow. A second, but bigger mine, Pedra Blanca, is slated for production in 2019-2020. However, it is the third asset, the Centro gold project, that we think the market has overlooked. We believe AVB has one of the strongest production growth profiles of any junior copper producer on the board and is significantly undervalued.We place a buy recommendation on AVB with a price target of $0.23 a share.
This was in the Sunday Times in the West by DJ Carmichael.
Bring on 2020!!
AVB Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
