AVZ 0.00% 78.0¢ avz minerals limited

Ann: AVZ signs MoU with Guangzhou Tinci Materials Technology Co, page-92

  1. 24,192 Posts.
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    Well as I see it obviously the drilling is the maker or breaker here.

    The fish are starting take an interest and are pecking but have not committed and taken the hook as yet. It was clear in the recent Cap raise Ann that larger industry consumers (probably Chinese) are not willing to commit more $$ until the resource is proven up with more drilling. Absolutely fair enough IMO. It it were me I would register my interest, I even fly over, walk across the tenements and even kick and break few rocks but until you show me drill core from large continuous areas of ground with high grade lithium then I will not commit. Drilling this out will reduce risk for potential battery industry investors massively.

    The real issue for these potential investors is "when" to make a move. If you go early you get a cheap entry but inflated risk (like now). Too early and drilling proves unsuccessful then you done your dough. If you push the go button when it too late you miss the boat altogether as others will have taken a controlling stake or complete ownership in the operation.

    So question is when? When would I be pushing the go button if it were my decision? Hmmm I think once I see enough undeniable drilling evidence for a generation scale mine (at least 25 yr mine life or Circa 100mt resource) along with massive exploration upside potential.

    So given each drill intersections of 250m stepping out at 100m intervals adds approx 7 mt (100m depth x 100m stepout x 250m true wide x Spec Gravity 2.8 = 7mt) then that won't be long at all. 14 holes?
 
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