Dear subscriber,
Avrupa Minerals has been working quietly but diligently on preparations for drilling at Alvalade during the summer, and the first drill hole has been completed recently, with assays coming in next month. Management anticipates in raising cash most likely in January, after completing a 4 to 1 roll back. With copper prices at 7 year highs and rising, and zinc prices recovering, future economics bode well for Avrupa and JV partner MATSA (in turn a JV between giants Trafigura and Mubadala), and my take is MATSA will waste no time proving up resources at Alvalade, as they already have developed comparable projects into mines in Spain in 3 years. Read more about it here:
Avrupa Minerals Commences Drilling At Flagship Alvalade Copper-Zinc Project; Results Expected Next Month
Regards,
The Critical Investor