Depends on what they do with it...PLS at 160ish million tonne with a MC of 1.5billion....AVZ 500-1billion tonne.
I can see where he’s coming up with the figure; but personally, I think it will be sold over the next couple of months for around 65-75c and there will be a few more spending more time on the beach . If it goes JV Mining, who knows where it will land.
Personally I think ML has done a fantastic job. The resource is there; KE did a brilliant job gathering it up and ML has done a fantastic job pimping it. The proof is in the pudding and Manono has a hell of a lot of spod.
Tall poppy syndrome comes to mind, when I look back at the previously closed thread.
AVZ Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held