@YourDudliness ..............
"First up...why would anyone want to put in the time and effort to preempt an independent experts SS when they aren't qualified to do so? To guess as you are? Just curious.
Second you flip/ flop like a fish it seems to me...this is your post right?"
Firstly, what do you base your investment on if you don't work out approximate numbers yourself???
Secondly, going back months to old posts, then wondering why someone has changed their thoughts reminds me of a quote from JM Keynes..............
“
When the facts change, I change my mind. What do you do, sir?”
Since the post you quoted, we have been Klaused and the share price has collapsed, as well as JORC being late, SS late etc, all the while spending plenty.
I still totally believe in the part I wrote in that post at the beginning, this is a massive deposit that will eventually be mined. It might cost $1 billion for a rail and $5 billion for a massive Hydro Electric scheme and hydroxide plants etc, but will still be worth it.
Whether AVZ is apart of that future is much more in doubt because the SP has collapsed, our ability to raise funds greatly diminished without massive dilution etc.
I change my mind on about 90% of the stocks I buy, because circumstances keep changing, AVZ is no different. I do still have a shareholding here, so see some hope because of the massive resource size, but that is only part of the puzzle.
Every bullish comment is fixated on the huge resource size, while ignoring all other aspects that come into play in developing such a resource. If we can stay in the game with the initial 2Mt/a plant, then the future could be very bright for shareholders.
I included the numbers in my post yesterday of how this can be a profitable operation, by concentrating on having a high grade product of 7% concentrate to counteract the tyranny of distance Manono has, yet everyone wants to concentrate on the transport cost I mentioned that basically came from the cost estimated by experts for Ivanhoe Mines, that the investors in that company have accepted as part of doing business in the DRC.
The thoughts some have here of using any other route than the bitumen road to the South for moving close to 1,000 tonnes of product per day just amaze me.
We get about 20-30 B-doubles of mulch every year, the last 1.5km being on a gravel road, yet we have to stop during the wettest part of the year as the road can't handle them. We also get a semi delivery in every fortnight during summer, and daily refrigerated truck movements. Our total for a YEAR would be less than 1,000 tonnes moved.
Everyone's correct, I know absolutely nothing about the logistics of moving 1,000 tonnes/day, just the troubles we can have in delivery/movement of less than 1,000 t/yr on 1.5km of gravel road.
