Roulston says why to buy Andover Ventures Roulston says why to buy Andover Ventures
Andover Mining Corp (C:AOX)
Shares Issued 110,455,352
Last Close 5/30/2012
.23
Tuesday June 05 2012 - In the News
Lawrence Roulston, in the May 30, 2012, edition of Resource Opportunities, tells readers why to buy Andover Ventures Inc., recently 23 cents. Mr. Roulston said buy on Oct. 10, 2010, at 34.5 cents and again on Oct. 6, 2011, at 39 cents. Assuming a $1,000 investment for each buy, the $2,000 position would now be worth $1,256. Andover holds 83.5 per cent of Chief Consolidated Mining Co., which holds a property in Utah that contains two past-producing mines, the Trixie gold mine and the Burgin silver-base-metal mine; it is assessing restarting both operations. Rio Tinto is also earning 55 per cent of part of the Chief property, where it is testing for copper. In Alaska, Andover has started $3.5-million in work, including exploration, drilling and metallurgy, at its Sun project. The editor notes that while investors have been selling Andover, its chairman, Gordon Blankenstein, has recently increased his stake and another "sophisticated" investor has taken a substantial position. Mr. Roulston believes this is because the Burgin mine has a projected value of eight times Andover's current value, with the Trixie mine and Sun project adding further value. Kennecott finding a large copper deposit would be an added kicker.
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