General Precious Metals
Avrupa Minerals (TSX-V: AVU)(OTC: AVPMF) President Paul Kuhn on Adding Multiples to C$3 Million Market Cap
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President of Avrupa Minerals, Mr. Paul Kuhn. Paul, it's great to have you back on. How are you, sir?
Paul Kuhn: Thanks, Gerardo. Yeah, good to be back here too. I've been running around quite a bit so I get 15 minutes of sitting time with you. I'm looking forward to it.
Gerardo Del Real: You know there's two types of companies right now. There's companies that are in quiet mode waiting for what is a bear market for most junior resource companies and they're waiting for that market sentiment to improve and then there's companies like Avrupa that are actually busy and looking to add value in multiple ways. So I wanted to have you back on because you just received a new exploration license in Kosovo, and I know the second half is going to be a very busy half for Avrupa. You have a tiny market cap that sits, I think it's sub $5 million if I'm not mistaken right now.
Paul Kuhn: Not much more, that's for sure.
Gerardo Del Real: Yeah. So I thought it presented a pretty compelling speculation. I just wanted to update everybody with everything that's going on.
Paul Kuhn: Perfect. Well, we're busy. Like I said, we just got our exploration license in Kosovo that we've been, sorry gang, but waiting for the last year and a half for them to issue it, but it's now issued. It covers a gold deposit that we discovered back in 2012 and then JV'd it out to an Australian mining company who spent quite a bit of time and effort in upgrading the deposit. Turned out it wasn't big enough for them, but there's at least according to our calculations, NI 43-101 calculations, a hundred thousand ounces at the surface and a high grade situation of 640,000 tonnes at 4.8 grams for gold and 14.7 grams for silver, which gives us about a 100,000 ounces of gold and 300,000 ounces of silver and I think it's expandable.
Gerardo Del Real: I know that this is a project that's receiving a lot of joint venture interest. Is that the plan for this project?
Paul Kuhn: Yes, Gerardo. We'd like to farm it out to a company that's experienced with small mines. Like I said, it's a 100,000 ounces. We think it could be doubled. There are a number of companies that are looking at it that are small miners. Avrupa's a great exploration company, but we're not mining people. We would prefer to have a nice little deposit like this mined properly with lots of income and profit so yes, the answer, the short answer is yes, we're looking for help on this one.
Gerardo Del Real: Excellent. Elsewhere, what else is going on in the portfolio?
Paul Kuhn: Well, we're on hold still with Alvalade. The partner is working out budgets. They've got to complete their, like I said the last time we talked, they've got to complete their obligations to the mining bureau with their contracts. Ours is complete. We've done more than the minimum for the government in two years rather than three. So they'd like to slow things down just for a little while still. I don't know how much longer I'm working with them to figure that out. Portugal thus is on hold a bit. The guys are working on the other projects so the team is complete and ready to go when we get the go-ahead. I've just come back from Finland a couple days ago and I had a look at all of our properties up there and I'm pretty jacked. There's a lot to do up there.
Gerardo Del Real: Tell me why you're pretty jacked. You don't in your words get excited very easily. You're not someone that says things like I'm pretty jacked. What's got you excited about those projects?
Paul Kuhn: Well, honestly, just getting out there on the ground. Finland's not known for outcrops where we are, but there's been a lot of previous work back in the sixties, seventies and early eighties on most of our reservations. So we got to look at core at one of the programs and I'll have a news release out on that in a week or so and we looked at the land, the lay of the land on two or three other properties and we talked to the mine manager of the operating mine in the district. We've got some good projects and there's mineralization on the project. We walked around an old mine on the one of the licenses. So it was exciting to be there. It was a fast trip, but we got a really good taste for the upcoming project work.
Gerardo Del Real: And I just want to make sure that I'm accurate with the market cap. I said sub $5 million Canadian, it's at $3.56 million Canadian right now. I can't stress enough to people how many times I've seen situations like this, where a company has a $3 million market cap and in a blink or with a drill hole it's quickly a $30 to 50 million market cap. Not implying that's going to happen here, but also definitely not discounting it because of the merit of the projects that you've been able to bring in under the Avrupa banner. Paul, anything else to add to that?
Paul Kuhn: No, Gerardo, that's a great summary. We're really excited about all three of our locations. Some are moving quickly, some we are moving less quickly, but we'll have plenty of news this summer for a change. Last summer was pretty slow, but we're going to be busy this summer.
Gerardo Del Real: Looking forward to it, as everyone knows I'm biased. I wrote a check here in the last financing. I plan on holding those shares for quite a bit, and I plan on letting the company do what it does best, which is explore in stable jurisdictions and I think it's going to be a pretty exciting second half of the year. Thanks again for your time, Paul.
Paul Kuhn: You bet, Gerardo. Good to talk to you. Thanks. See you.
Gerardo Del Real: Cheers.