Short Term Trading Week Starting: 26 Mar, page-127

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ammie

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27/03/18

11:27

Post #: 32051425
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Originally posted by pmd3nka ↑

STTCOMP AVB, FA LONG

Avanco Copper, Copper/Gold Miner Brazil

MC $189m at .077c/share
SOI 2.45B (needs consolidation)
Borrowings $16m
COH $24m (31/12 Presentation 27/02)
NPTA $2.5m (after interest)

Actually running at a profit: "Avanco Resources reported 37% increase in contained gold ounces, and a 34% increase in gold grade at the Contact deposit within the CentroGold project. Infill drilling has resulted in a 34% increase in gold grade and a 2% increase in tonnes, for a 37% increase in contained ounces of gold. Within the Contact MRE, Indicated Mineral Resources have increased by 203% to 509,000oz at a grade of 3.6 g/t gold. Additional high-grade and visible gold was discovered on sections not previous drilled fully and on new infill sections. This accounts for the substantial upgrade to the MRE at Contact. These results at Contact and the recently completed upgrade to the Blanket MRE, both have the potential to improve the economics of the pending Scoping Study, which is set for completion. Contact Resource Grade Now Exceeds 3g/t Gold " (ann 21/03 today).

Looks to be a growth story. Chart appears to have bottomed .074-.077. No CR needed. If you believe in Cu/Au story, a bargain buy around .076-.077. Parcel of over 5m went through half an hour ago.

pmd3nka

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AVB - takeover offer from OZL, up 100%. Nice tip @pmd3nka - just a week to double your money. Well timed!

edit - you really need to simplify your name. I can't seem to get it right! Hope I got it with this edit.

Last edited by ammie: 27/03/18

XAO Value at posting: 5,936.3
7 Upvote

0 Great analysis

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Last 8,586.9		Change -23.500(0.27%)		Mkt cap ! n/a

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Short Term Trading Week Starting: 26 Mar, page-127

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