Quantcast
AVB - Avanco Resources - Aussie Stock Forums

Page 1 of 8 12345 ... LastLast
Results 1 to 20 of 152
  1. #1

    Post AVB - Avanco Resources

    just thought I'd start a thread for this promising explorer in Brazil. Located near Mirabela Nickel, Avanaco has already announced a JORC copper resource of : 210,000t at 11.65% Copper -impressive grades

    market cap around 15 million fully diluted.
    something doesn't necessarily have to be proven to 'actually' exist to have an effect that mimics the very likelihood that it does

  2. #2

    Default Re: AVB - Avanco Resources

    TOURO NICKEL PROJECT

    The first diamond core drill hole has been completed to a total depth of 430.1 metres at the Touro Nickel Project on the Trindade South Property in the Carajas Mineral Province in northern Brazil. The drill hole intersected a variably sulphide mineralised differentiated mafic sill. The Company is highly encouraged by this initial result and further geophysical and drilling activities are being planned. The drill core is currently being sampled and results will be available over the coming month.
    Diamond core drilling tested a previously identified high order electromagnetic (EM) target. The Company is also planning additional EM surveys in addition to Induced Polarisation (IP) geophysical surveys to define further exploration drill targets across the sill. The sill has dimensions of approximately 5km x 1.5km and remains largely underexplored.

    The Company has identified a significant nickel sulphide exploration target. This target is of a similar geological model to Mirabela Nickel’s giant Santa Rita Nickel Project also in Brazil.
    Compilation of previous exploration indicates that an extensive nickel soil anomaly is present
    something doesn't necessarily have to be proven to 'actually' exist to have an effect that mimics the very likelihood that it does

  3. #3

    Default Re: AVB - Avanco Resources

    20002570 shares traded today! about 10 times normal volume.

    up from 4c to 4.5 (15% gain) - closing on its high for the day - chartists would agree this is a very bullish signal.

    announcement due any day now regarding nickel assay results and development of their high grade copper resource.
    something doesn't necessarily have to be proven to 'actually' exist to have an effect that mimics the very likelihood that it does

  4. #4

    Default Re: AVB - Avanco Resources

    I've been holding AVB for a few months now but was a bit disappointed with this mornings announcement on drilling results... "0.09% Nickel from 282 metres". The share price has been smashed in early trade

  5. #5

    Default Re: AVB - Avanco Resources

    The high grade copper resource alone is valued at much more than the current market cap. any news of a JV regarding the copper will see a flock of buyers joining the register. the nickel is the icing on the cake. Many traders bought in because of the initial drill assay result. It was not economic so they dumped it. The prospect is 5km x 1.5 km and people are dumping over a single hole! Once the dust settles, investors will once again see the fundamental value of AVB. Just give it time!
    something doesn't necessarily have to be proven to 'actually' exist to have an effect that mimics the very likelihood that it does

  6. #6

    Thumbs up avb

    cant believe the lack of posts on avanco resources (avb) have a look at todays ann and tell me this isnt destined for great things

  7. #7

    Default Re: AVB - Avanco Resources

    Worth a listen on BRR you will be amazed i didnt realise the carracas is bigger than the pilbara region . when there nickel ground is proven up , which they seem to think could be bigger than mirabella resources , now thats sit up and take notice stuff and they havent even explored there iron ore ground lol

  8. #8

    Default Re: AVB - Avanco Resources

    Does anyone have any thoughts on the latest capital raising for AVB? I am quite interested in taking the offer up as the prospects for AVB look promising. But then again, I am a bit of a novice, especially when it comes to the resource sector.

  9. #9

    Default Re: AVB - Avanco Resources

    2,000m diamond core drilling program underway at the Rio Verde Antas Sth deposit hi-grade zone

    previous drilling results incl up to 38m @ 7.49% Cu from surface [4m @ 50.6% Cu], 26m @ 5.47% Cu from 18m [4m @ 28.0% Cu], 20m @ 5.12% Cu from 13m [2m @ 34.1% Cu]

    as at 30/07, 18 holes for 1,008m completed, with assay results pending

    current jorc resource:

    Rio Verde Project Antas Sth deposit jorc resource estimate, 7.977Mt @ 0.83% Cu for 66,100t Cu, using 0.3% Cu cut-off [6.254Mt @ 0.71% Cu indicated; 1.723Mt @ 1.27% inferred] – incl hi-grade zone, 0.21Mt @ 11.65% Cu for 24,400t Cu [0.089Mt @ 12.72% Cu indicated; 0.121Mt @ 10.87% Cu inferred]

    avb

    ... anticipates ... 'decision to mine' status and receipt of the trial mining license, before end 2010.
    from Jun qtr activities,

    ...

    During the current drill programme significant widths of high grade copper mineralisation have been logged in a number of drill holes.
    other projects include Touro Ni Project and Trindad Nth Fe Project (approx 10km from Vales N4-N5 Serra Nth Fe mine - biggest in world 6Bt @ 65% Fe)

    all projects are in Carajas mineral province, Brazil

    current sp 0.021 (note over 200m oppies with exercise price @ 0.015)

    current mc (fully diluted) approx $15.7M, cash in bank $4.5M

  10. #10

    Default Re: AVB - Avanco Resources

    ann out today

    Vale, world's largest iron ore miner, have signed an option (for exploration and to potentially acquire) avb's trindade nth project

    vale will undertake drilling program at trindade nth

    US$2M payable for option for first 3 years

    should jorc compliant resource (measured and indicated) result, royalty payments flow

    max payments to avb, should vale proceed with option to acquire, capped at US$40M

    further results from current drilling program at rio verde and new carajas transactions expected over coming months

  11. #11

    Default Re: AVB - Avanco Resources

    further drilling results out today,

    incl:

    9m @ 50.49% Cu from 18m

    sp up approx 120% today at one stage, settling down now

    awaiting further drill results

  12. #12

    Default Re: AVB - Avanco Resources

    close to 50% turnover in shares today thus far, day traders likely all over this one

    the drill results are put simply, some of the best Cu interesctions going around, fully diluted market cap approx $40M

  13. #13

    Default Re: AVB - Avanco Resources

    This company has alot going for them. Big rise today on this news.
    The Company is very pleased to advise that it has taken receipt from Vale
    S.A. (Vale) of an initial US$100,000 payment in consideration of the previously reported option agreement wherein Vale can exercise the right to acquire Trindade North from Avanco for up to US$40,000,000 arising
    29 September 2010 from in-situ iron ore royalties and other qualifying fees.

    Also the drill report from there other prospect due soon with more great result by the look of it.
    The results for the pending drill holes assays are expected soon, with abundant copper mineralization having been already logged for
    many of these holes. The Company is anticipating to be able to report
    further results in the coming weeks.

  14. #14

    Default Re: AVB - Avanco Resources

    at 10.5c (reached this am) it becomes a simple equation

    400% profit in under 2 months

    with further potentially stunning drill results to follow

    direct shipping Cu ore

  15. #15

    Default Re: AVB - Avanco Resources

    Uggh... I bought it at 9.9c and now dropped to 9.0c hope it will raises

  16. #16

    Default Re: AVB - Avanco Resources

    Your 9.9c would look quite nice now( 8.8/9c would have been better). This little share has so much going for it. Great prospects, awesome drill result with more to come very soon. I brought this at 7c sold at 7.8, brought back in at 7c sold at 9.7. then i could resist/ or wait so i brought back in at 9.4. Was worried i would miss the jump up in price to ann. Glad to be holding these ones into next week.

  17. #17

    Default Re: AVB - Avanco Resources

    Quote Originally Posted by happytown View Post
    2,000m diamond core drilling program underway at the Rio Verde Antas Sth deposit hi-grade zone

    previous drilling results incl up to 38m @ 7.49% Cu from surface [4m @ 50.6% Cu], 26m @ 5.47% Cu from 18m [4m @ 28.0% Cu], 20m @ 5.12% Cu from 13m [2m @ 34.1% Cu]

    as at 30/07, 18 holes for 1,008m completed, with assay results pending

    current jorc resource:

    Rio Verde Project Antas Sth deposit jorc resource estimate, 7.977Mt @ 0.83% Cu for 66,100t Cu, using 0.3% Cu cut-off [6.254Mt @ 0.71% Cu indicated; 1.723Mt @ 1.27% inferred] – incl hi-grade zone, 0.21Mt @ 11.65% Cu for 24,400t Cu [0.089Mt @ 12.72% Cu indicated; 0.121Mt @ 10.87% Cu inferred]

    avb

    from Jun qtr activities,

    other projects include Touro Ni Project and Trindad Nth Fe Project (approx 10km from Vales N4-N5 Serra Nth Fe mine - biggest in world 6Bt @ 65% Fe)

    all projects are in Carajas mineral province, Brazil

    current sp 0.021 (note over 200m oppies with exercise price @ 0.015)

    current mc (fully diluted) approx $15.7M, cash in bank $4.5M
    2 months to the day, sp reaches .17

    700% profit

    still half of the drill results to be released

    decision to mine by end of year

    direct shipping Cu ore

  18. #18

    Default Re: AVB - Avanco Resources

    Quote Originally Posted by happytown View Post
    2 months to the day, sp reaches .17

    700% profit

    still half of the drill results to be released

    decision to mine by end of year

    direct shipping Cu ore
    Hi Happytown.
    AVBOB has tranformed my year.
    Im surprised at the lack of chatter on this one.
    Timing is Everything

  19. #19

    Default Re: AVB - Avanco Resources

    Maybe they missed out. I have sold again today. Now hoping a settling back to 12.5-14c so i can buy again before ann.

  20. #20

    Default Re: AVB - Avanco Resources

    now up a little and running at 19.5! anyone any idea how high they could go??



Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Aussie Stock Forums