07:57:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Avrupa Minerals Ltd
Symbol AVU
Shares Issued 43,373,571
Close 2014-10-24 C$ 0.18
Market Cap C$ 7,807,243
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Lundin refreshes Avrupa buy

2014-10-24 18:52 ET - In the News

Brien Lundin, in the October, 2014, edition of the Gold Newsletter, refreshes his buy of Avrupa Minerals Ltd., recently 17 cents. Mr. Lundin said buy Avrupa six times between May, 2011, and September, 2014, at prices ranging from nine cents to 47 cents. Assuming a $1,000 investment for each of the six buys, the $6,000 position is now worth $5,743. Avrupa, a prospect generator with many properties in Europe, recently reported that a joint venturer, Brynecut Australia Pty. Ltd., has started a 2,000-metre drilling program at the Slivovo gold project in Kosovo. Brynecut, an Australian mining company, has to spend 640,000 euros on the property for a 51-per-cent interest. It will test three targets identified from previous surface work and drill eight holes. Mr. Lundin says the program should provide Avrupa with short-term news flow in the next few months. The newsletter editor also notes that the company's properties in Portugal will continue to generate plenty of news flow in the next few months without doing much damage to Avrupa's wallet. He concludes that Avrupa is a consistent news generator in almost any market environment and he considers it a strong buy at current levels.

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