not yet...... AZS have 60% of the Andover project so $1.1B / 0.6 is $1.8B Andover deposit . The fundamentals and play of M&A is making this Pilbara region a fantastic time to be investing.
If the word on the street is right then a offer of between $3.5 to $4 for AZS (60%) can value their deposit which is still remember purely exploration stage at $2.5 to $2.9B. Now this is where having a top tier network of geos, analysts etc in your circle helps (sorry hotcrapper not included). based on the drilling results from AZS so far and not using just those results but having to then extrapolate (there is the real value in someone's analyst work) to estimate their resource?
The company has a target of 100MT to 240MT (more self proclaimed than anything) which i think due to industry reputation they dont want to look silly particularly someone like Creasy.
lets say 150MT for $2.5B to $2.9B. now do the math for other names who are showing sizeable deposit (and i mean more than 12-20MT) plus the added bonus of a mining lease located in the Pilbara (not africa, not surrounded by lakes and wilderness in Canada) but a casual bike ride next to existing global producers (no need for helicopters)......
As i have said before with all the talk of bogans, director specials, and over the top valuations, grade variances, etc etc this stock has moved up and down but is now at ATH of 67c, and unlike those astute investors in much earlier and holding, now the market is scrambling to understand this discovery!!!! and are soon learning the Oh Damn moment...
interesting 6 months to come in this Pilbara lithium sector.....
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26.5¢ |
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Mkt cap ! $319.7M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
2 | 102346 | 26.0¢ |
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Price($) | Vol. | No. |
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26.5¢ | 2898 | 1 |
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2 | 102346 | 0.260 |
5 | 274849 | 0.255 |
19 | 327212 | 0.250 |
3 | 36577 | 0.245 |
7 | 69387 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 2898 | 1 |
0.270 | 82142 | 3 |
0.275 | 101638 | 3 |
0.280 | 47235 | 2 |
0.285 | 102119 | 4 |
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