AVZ avz minerals limited

Possibly the world's largest hard-rock spodumene resource, page-5

  1. 4,794 Posts.
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    Some of the widths by depth by range by density by recovery factor posted by some posters on here as guesstimates, have been a bit fantasful at times which have given us the billion tonne + resource being touted around within theses threads.

    The old saying - "If it's too good to be true, then it probably is" ...this stock had a hint of that saying for me prior to some of the fantastic historical information posted by mineralised...and by reading the company updates, its quite compounding as to what we have here ; the legal issue they had up until a few days ago which lead to the DD date being pushed back a number of times; well, that issue and pushing of DD dates to accomodate it, also had me a tad twitchy..who knows what information could have been leaked, where and who could have been lead astray and what leftfield impact it could of had, considering what was at stake.

    With that legal issue now ironed out, it will be all systems go for AVZ; the company believed it would have enough data to make a decision by the previous DD dated of the 28th of April, the legal proceedings pushed the DD to the 18th of May (tomorrow week); rock chip, trenching (theses were pending a month ago, so known IMO ) and drill results are pending. With the legal issue sorted and the AVZ legal team providing their report by end of this week , i suspect that DD will be announced to the market a bit earlier

    "Mapping and trenching top date have identified no real mineral zoning. By normal standards these are Hughes bodies and internal zoning may not be the usual classic complex zoned pegmatites"

    Do we have 500Mt or 1.3Bt resource?....Those are very hefty figures; but for one, if i can get on board a company with a MC sub 50m for a resource that very much looks like it could be larger than Greenbushes and PLS's Pilgangoora ; climbing on board for 4c well id be a very happy punter.

    This one could be PLS Mark II....the odds look very good
 
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Currently unlisted public company.

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