Add this to the AAB NAV soon. A few weeks ago AAB bought a bunch of a private placement in APE at $.06 with two year warrants at $.10. I didnt know much about APE, but now I do. Their quarterly report says APE controls the second largest silver mine in Bolivian history (produced over 600 million ounces of silver already!) They are doing a scoping/prefesibility study, it appears to be a large high grade deposit, and.......drum roll please......."it demonstrates the potential to be rapidly developed into production"
So there we are. They plan to put the second largest silver mine in Bolivian history rapidly back into production. I guess that is a pretty good direction to take that company. Same managment did it with AVR (gold in africa), with a new mine plan got it in to production VERY fast and VERY profitable and the stock of AVR went from $.05 to about $.35 in just a few months. Management brought it in under budget and quick. By the way, AAB rode the AVR stock price for a good pop in NAV as well. If they do the same here in APE, It could mean more NAV pop for AAB. APE seems cheap ($5.0 million market cap) for the potential of this size and soon to be in production. It seems like lots of upside here for AAB. Though, I would assume they would need another financing to get this deposit into production. Seems like a winner to me. Whadda ya think?