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20/10/17
10:40
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Originally posted by blister
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While i too dream of the $1 party.... i think we'd need more then 1 set of drills. bullish, like you, but I more hope for a gradual burn then an explosion... I don't want this to get to over valued territory and then have sentiment turn. like PLS was a rollercoaster for 12 months and soooo many punters got burned.
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What's the valuation for PLS? $1.3b
If AVZ is valued over $1b, I'll be starting taking profit.
That's about 45c for AVZ on a fully diluted base.
SIR, SYR, LYC, PLS, all fetched over $1b before production, some still not yet.
So $1b is a good level to be alerted, imo.
Also, AVZ shared exploration targeted Lithium is about Five times of PLS', but AVZ is not JORC compliant yet.
DYOR.
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