Come on guys...ya shouldn't really be using high volume iron ore...

Come on guys...ya shouldn't really be using high volume iron ore miners as examples... They use high volume low margin to make their profits...and production costs for FMG nearly sent them broke afew years ago no thanks to the drop in FE price.

What was the reason Gibson went belly up, or are they still producing... What about PDN...they were a huge uranium producer, but their costs went outta control in a low U price, because they didn't consolidate but grew to big too soon (short answer).

BHP split their unproductive assets into S20... So don't use BHP as an example either, cause the only reason they are functioning is because of cash revenue not profits... Funds are required to buy ASX 50-200 Companies because of the index requirements, not because of extremely high dividend yeilds etc ...

And the Chinese didn't walk away from purchasing Birimian...riufi or whatever they are called had no funds... They were in a power struggle and tried a chess move of making an offer they couldn't possibly deliver on...

Wonder if AVZ achieves the 3billion Share club??? That'll certainly be something to look forward too?? After all...if they want to process enough LCE or concentrate they'll need a substantial amount of working capital to manage their operations ...that either means dilution, debt or selling a Lions share of their resource!!?

Defining any more than 10 years of resource is counter productive for shareholders interests...(paraphrased) heard that from a lithium MD himself who sold his asset to the Chinese...