AVZ Market cap ($224M) has just rocketed pass the market cap of Kidman Resources ($224M) and soon will catch up to Altura Mining ($270M), then the next target will be Pilbara Mining ($558M).
How far can the AVZ share price go?
My questimate as a minimum in the short term (end of September), 60% of the market cap of Pilbara -
$335M or 20c per AVZ share.
Blue sky potential, a market cap greater than the combined three WA emerging spodumene producers listed below - $1030M or 62c per AVZ share.
As most likely the Manano Lithium resource base will far exceed the entire resource base and grade of those three companies which total 323Mt @ ~1,3% Li2O. And then there is more, Sn. More and more exciting times ahead. Good luck to all AVZ shareholders … I am super happy to be on this boat. Bye …
AJM 17/8/2017
Mcap $262M @ 17c fps (1541M fps, $13M cash, $140M debt facility)
Pilgangoora Ind/Inf resource 39.2Mt @ 1.02% Li2O (Prob reserve 30.1Mt @ 1.04% Li2O)
AJM value per resource Li2O tonne (~400,000t contained LiO) = ~$655t
PLS 17/8/2017
Mcap $565M @ 38.5c fps (1467M fps, ~$87M cash, $130M debt facility)
Pilgangoora Ind/Inf resource 156.3Mt @ 1.25% Li2O (Prob reserve 69.8Mt @ 1.26% Li2O)
PLS value per resource Li2O tonne (~1.95Mt contained LiO) = ~$290t
KDR 17/8/2017
Mcap $203M @ 57c fps (333M fps, $3M cash, $5M Capri debt, $106M funds for mine
development + $40M cash upon SQM deal being executed)
Mt Holland Li (KDR 50%) Ind/Inf resource 128Mt @ 1.44% Li2O plus Au (KDR 100%) Ind/Inf resource >1M ozs
KDR value per resource Li2O tonne (50% of ~1.84Mt contained LiO) = ~$206t
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