A bit optimistic for Jorc to be completed early Q2, mote like end of Q2.
However I expect things to hot up after first drill results. Remember these drills are between the 2017 drills 1-2, which were the record breakers 250m from surface.
I expect either:
1. a mining JV announcement with both Huayou and CATL involved.
Or
2. A TO strike at $1 +
Huayou MC has doubled to around $9Bn USD since they took a stake in AVZ. Market has built in this Chinese miner having a big say in the Saudi Arabia of Lithium.
For CATL to fulfill their ambition as World No. 1 battery maker, they need new Lithium supply from Manono-Kitolo.
CATL $2bn ipo June.
What other new hard rock resource has the required quality volume and LOM?
Anything not to like:
1 x Jorc drill bit is turning, soon 5 in parallel.
Largest, highest quality, lowest cost lithium resource (with LCE plant), on planet Earth.
PRC backed infrastructure investment all the way to Manono.
Car giants directing $100bn investment to EV's
Even the trolls get it, but have an agenda.
It's all coming and very soon.
AVZ Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held