Dow up 500 points. Should be a good day on ASX.
AVZ is $949m just under $1b cap.
ASX Lithium companies trading at $3 billion not in production LTR. $5-$6 billion in production ORE, PLS.
AVZ could thus go higher, based on current stage of development.
Technicals and fundamentals building nicely since lows of 2019.
Lithium pricing very strong, EV thematic and ESG in focus.
Lithium demand forecast to outstrip supply. Lithium supply response is known to lag.
Years required to get Lithium projects into production.
AVZ is in a good space. With the largest known high grade hard rock resource globally @ 400MT @1.65% + known expansion potential to 1BT+, tin resource, long life mine, very advanced, ready for approvals to production.
AVZ timetable is indicative only but states agreements and project development items due this month.
Mining licence, SEZ, BFS Q3 2021
FID Q4 2021
Running discussion on SP, page-52298
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