The second AVZ details some realistic plan to production (JV or whatever), AVZ will rerate significantly.
Tiny correction. Going off a previous
announcement where holes 1 and 2 (2017 ones) were analysed, the average grade for AVZ was actually 1.66% LiO2. Tin is also found to be homogenously distributed with a grade of 0.1%. So from the production of each tonne of 6% LiO2 concentrate product, AVZ revenue would likely be $900 from the concentrate and another $100+ from the tin.
Furthermore, AJM production costs were 70% local on site (30% mining + 40% processing) with transportation/port cost of just 12% ($39) in their DFS (AVZ trucks their 6% concentrate to port over a distance of about 125km one way) . This makes me confident, that AVZ can overcome the transportation costs.
