AVZ avz minerals limited

Transaction Valuation Comparisons for AVZ, page-9

  1. 4,794 Posts.
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    Yes, really looking forward to the company striking another blow into Carrier De L’est Stakx; it’s the largest pegmatite in the Manono Lithium Project at around 5500m in length.

    AVZ was actually the first company to have completed a drill hole (MO17DD007) to test the Carriere de L’Est Pegmatite. I’m expecting the resource upgrade to come out at around 350 to maybe 400mt....and we’ve just hit the top of the ice berg.

    Read a number of times, as to how some posters have lost faith in AVZ. The resource will do the talking ; it’s not like we are placing our bets on the company exploring and finding something ; we’ve dropped around 70 holes so far; with upgrade results to follow. We’ll far outstrip the tonnages reported by the billion dollar companies such as PLS / MIN.

    Frustrating , but patience will be rewarded IMO.

    Buy 50% of a 1.17% 259mt resource for AUD$1.5m..... and there’s a 400mt++ circa 1.6% resource hanging around with a MC of sub $150m MC with what looks like with regard to infrastructure development in the DRC...’all roads Lead to Manono’
 
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