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78.0¢ avz minerals limited

Ann: Acquisition of 60% interest-Manono Lithium, Tin, Tantalum, page-374

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cashken

2,625 Posts.

196

05/02/17

18:52

Post #: 22384013
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Originally posted by gordongreggy ↑

One must also gross up the Market cap.....because at best these guyssadly dont owne 100% and only own 60% DMC Jungle interest. Then have to raise over $100m or more to get this up.....where is that in the prospectus ??

So 1.7 billion shares (diluted) has to be grossed up for 60% mine ownership interest but has 100% of the capital raising responsibility= Sp right now that about the Equivalent of $83m MC vs similar Australian projects

Actually or some cant count and dont want you to count.

So knocking me for buying into CXO at 100% NT Spod ownership at 23m EV.....please ....

But what do I know.....so many smarter than me......yeah right....whatever....

GG

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Can't wait for AVZ to release their first set of drill results.

AVZ Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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