AVL 6.67% 1.6¢ australian vanadium limited

Ann: Blesberg Exploration Update, page-18

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  1. 2,180 Posts.
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    Yes: feeling a bit ambivalent at the moment.
    Sad that the lithium is a fizzer but happy that we keep the focus on vanadium alone.

    It would seem that the lithium distribution will likely be no more than some small and thin but highly concentrated zones that allows lithium as a credit. Tantalum likely worthless as there will be a lot of Ta credits around. Beryl not sure but would probably be a small market. So it seems it is in fact just a big feldspar quarry.

    Obviously this project will not be worth what AVL thought so unlikely to go ahead, no performace shares [so the vote is now a moot point] and no earn in to the project IMO [can't see 2/4/6 Mt of lithium here].
    If Vince wants a feldspar quarry then that should be at no expense to the company.

    Maybe now we can concentrate on the prize with our Vanadium deposit because I think that's the predominant reason why we are all here anyway.


    ;D
 
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