Running discussion on SP, page-52499

35c AVZ is still extremely undervalued.

at 35c AVZ is still only an MC of $1.126 Billion, too low

If LTR=$3 Billion
then AVZ=$3B-$4Billion IMO DYOR
for all the reasons that have been discussed prior on these threads

PLS current market cap $7 billion AUD
-Producing asset/s
-Offtakes
-BMX Platform for spot price sales
-Midstream processing developments(JV)
- JV discussion for LiOH
-309 mt (including altura) @ 1.14% grade = 8.71 Mt LCE
- expansion to 800-850,000tpa SC production plans
- Production 2021: 330,000tpa SC5.5
- Mine-life 17 yrs

LTR current market cap $3 billion AUD
- Non producing assets
- 171Mt @ 1.16 %
- mostly underground mining
- No Offtakes
-No DFS
- entering Orphan Phase
-No hydrology studies
- No ESG report
- Production 2024/25: Unknown(no DFS) (2019)forecast production estimated at 295,000tpa SC6
- Mine-life 26yrs(tba)
- the list goes on

AVZ current market cap $1.03 billion AUD
- Non producing assets
- 400Mt @ 1.65 %
- low to zero strip ratio
- 4 x Offtakes (US$1.4 Billion ( 3-5yrs) value)
- DFS (April 2020)
- entering Development phase
- Financing
- FID
- construction
- Midstream processing developments (advanced & Offtake negotiations)
- JV discussion(s) for LiOH
- SC6 Offtakes oversubscribed
- Tin credits(substantial. largest ASX listed deposit)
- hydrology studies
- ESG report (Lowest of any Spodumene deposit)
- Production 2023: 700,000tpa SC6
- Mine-life 48 yrs (further updates to increase)
- the list goes on: payback period/mine-life....

LTR 3x the MC of AVZ and just under 1/2 the MC of PLS
and AVZ resource is 3x resource of LTR and 1.5x of PLS ( AVZ superior grade by far)

= AVZ MC >$3 Billion