AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-21086

  1. 2,823 Posts.
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    NIGEL'S FRANKFURT INTERVIEW.JPG
    I guess our Managing Director has just answered most of the questions posed on these threads recently

    The important take-aways for me from this interview are:

    • 24 months for the plant to be up and operational
    • Positive cashflow
    • Low capex costs
    • High grade quality lithium concentrate
    • 13 tons of samples being met tested
    • Dewatering of the pit is underway and we should be able to access the pit in 3 or 4 months
    • Finalisation of DFS to put this into production
    • Geology unparalleled……….’massive homogenous with very few impurities’……… +6% concentrate with very low deleterious elements such as phosphorous fluorine and iron. In Nigel’s words “The deposit is nature’s gift
    • Project will pay itself back in 3 years………….very strong financial numbers
    • Many finance options and Nigel believes $165million finance should be sorted out very easily
    • European funds and Chinese funding road upgrades to get product to railways
    • More demand for lithium than people realise and the 24 months timing to AVZ being operational could ultimately coincide with resurging lithium prices

    IMO, this is all extremely positive news for current and prospective investors. Regardless of anyone’s original buy-in price or current average, I believe the main factor that will determine a successful financial return on your investment in AVZ is patience.

    I trust that Nigel has everything under control to move us forward and into production

    All IMO & DYOR
 
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