Bob Moriarty of 321Gold profiles Avrupa Minerals and explains why the stock is on sale for the next five weeks.
Napoleon supposedly maintained that he would rather his generals be lucky than skillful under the interesting theory that you can beat skill but you can never beat luck. Avrupa Minerals Ltd. (AVU:TSX.V) has been displaying a lot of skill with their latest drill results in Kosovo of 3 meters of 38.7 g/t Au in hole SLV058. As luck would have it, potential investors will have the chance to buy Avrupa on sale for the next five weeks due to warrants expiring soon.
Avrupa is a Canadian junior focused on projects in Europe. They use a project generator model. They pick up likely looking projects that fit their model and vend them to partners who get a big piece of the project and spend all the money. Avrupa keeps a small piece of each project but doesn’t spend money.
In the very earliest stage of new bull markets the medium size in-production companies go up the most. A good example would be Silvercorp that sold for $0.60 a share in January and is now $4.54 for a 650% gain in 8 months. Project generator companies are among the last to get on board the train because their deals take years to show benefits.
Avrupa, however, has the advantage of being around for some time and has deals now showing the fruits of investment during the wave of terror in the junior mining space. As markets improve, project generators will regain the respect and valuation they had back in 2011 at the top of the market. With just over a $10 million market cap, Avrupa has a lot of room to run.
Avrupa has a joint venture with Colt Resources called the …read more