Ann: Cornerstone investor secured for Manono Project, page-178

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27/09/21

12:49

Post #: 56373843
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Originally posted by cruiser51: ↑

Yeah, pretty simple maths....

Increase AVZ’s interest in the Manono Project from 60% to 75% by exercising the option to purchase Dathomir’s minority shareholding of 15% equity in Dathcom Mining for US$20 million (~AUD$27).

So bought 15 % for US$20 million, or US$1.33 million per 1% of Dathcom in July and sold in September 24% of Dathcom for US$240 million, or US$10 million per 1% of Dathcom ( an increase of 7.5 times in 2 months), to be able to maneuver itself in a position to finance the project.

At 75% ownership a production capacity of a 4.5 Mtpa throughput producing approximately 0.7 million tonnes of SC6, or 3.375 Mtpa (AVZ's share) plant throughput. That was the plan.

At 51% ownership a production capacity of a 10Mtpa throughput producing approximately 1.6 million tonnes of SC6, or 5.1 Mtpa (AVZ's share) plant throughput.

That looks to me an increased production for AVZ of very slightly over 50%.
Not to be sneezed at and there is more..... the 15% which AVZ could buy from the DRC.

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At 51% ownership a production capacity of a 10Mtpa throughput producing approximately 1.6 million tonnes of SC6, or 5.1 Mtpa (AVZ's share) plant throughput.

I don't think people realise HOW BIG 10Mtpa is !!!

You looking at possibly $500 million in annual revenue or $250 million to AVZ !

AVZ Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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Ann: Cornerstone investor secured for Manono Project, page-178

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