AVB 0.00% 16.5¢ avanco resources limited

next month should see a bit of action

  1. 83 Posts.


    Mid January the new detailed ground gravity & IP survey over the Nickel ground should be released. They are also completing closely spaced soild samples over the new hotspots from the magnetic survey.

    At the same time they should give us details of the next drilling program which is expected to start late Jan or early Feb.

    This time they will not be drilling blind (the first and only hole was almost ramsom as it was purely meant to ascertain whether their new theory was correct that the ground hosts Nickel Sulphides.

    This time they will be drilling high grade magnetic targets backed up by surface soild samples.

    The stock ran hard last time so it should do so again.

    The amazing thing is that its copper JORC is worth about 7-8 cents a share but is being complety overlloked which is odd since it is expected to be in production by the end of 2010.

    Classic little company with assets in one of the premier locations in the world and which have a value way in excess of its market cap.

    If they hit some decent Nickel grade (its a big 5km x 11.5km Mirabela look-a-like structure) this time, she should go North like a rocket.
 
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