The point is that large funds need the OFFICIAL signing of the mining licence and other milestones before they are permitted to invest, so when these happen OFFICIALLY expect a significant re-rate! Also AVZ will soon be in the ASX 300 where big funds will also be able to invest!
I also expect some firework announcements at the upcoming DRC African Business Forum next week-PRESS HERE, with company announcements and announcements from the big hitters present including battery and car makers. Who knows we could see some announcement regarding a battery plant in the DRC, and obviously the ramifications for AVZ(AVZ lithium would go into those batteries, no longer AVZ having to transport lithium out of the DRC with HUGE cost savings) with the companies that will be present including:
-more funding to add to our $400 million from CATH(CATL-the largest lithium ion battery maker in the world needing AVZ's lithium to meet their multibillion dollar contracts)...expecting 2.1 billion overall according to the DRC Industrial Minister Julien Paluku, I quote
-feasibility study for hydroxide plant...(hint the extra billion funding mentioned above)
-further offtakes to add to our already huge binding offtakes secured with big hitters to supply CATL, the world's largest lithium-ion battery maker