Categories: Precious Metals
Topics: General Precious Metals

Brien Lundin on Avrupa Minerals: Could Surprise to the Upside

Avrupa Minerals (AVU.V; AVPMF.PK; C$0.16) filled up its coffers recently with C$661,500 from the exercise of warrants and finders warrants.

While not a great deal of money for many juniors, the cashprospect generator in good stead. The company has three active joint ventures, two on its projects in Portugal and one on its Slivovo gold project in Kosovo.

Look for an updated resource estimate on Slivovo soon, along with a prefeasibility study that Avrupa, with its JV partner Byrnecut, is on the verge of completing. In addition, look for the companies to continue to delineate the newly identified mineralization below the thrust fault on the Gossan Extension Zone. This holds the potential to significantly expand the resource at Slivovo beyond the current outlines.

I have a feeling the upcoming prefeasibility study, along with the updated resource estimate, could surprise to the upside. And given the company’s current trading levels, the downside for Avrupa is fairly well protected. It continues to look like a good value at these prices and is still a buy.

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