Lundin refreshes Avrupa Minerals buy

Avrupa Minerals (TSXV:AVU): Brien Lundin, in the November, 2016, edition of the Gold Newsletter, refreshes his buy of Avrupa Minerals Ltd., recently 16 cents. He said buy nine times from May, 2011, to June, 2016, at prices ranging from nine cents to 47 cents. Assuming a $1,000 investment for each of the nine buys, the $9,000 position is now worth $9,145. Avrupa just received $661,500 from the exercise of warrants. It can use the cash to support work on its three active joint venture projects, including the Slivovo gold project in Kosovo. Its joint venturer at Slivovo, Byrnecut International, is reportedly about to release a prefeasibility study on the project. As well, the two companies recently found new mineralization below the thrust fault on the Gossan extension zone, which could significant expand Slivovo’s resources. Mr. Lundin has a feeling that the prefeasibility study and updated resource estimate “could surprise to the upside.” Avrupa provides good value at current prices and remains a buy.
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