ALV have only recently started diamond drilling in this Ionic adsorption clay hosted deposit and have just hit up to 28m of clay depth
ALV are next door to the only operating Ionic adsorption REE mine outside of China
ALV is currently valued at $20M MC and has proven 16% higher recovery grades than VMM currently $90M MC
ALV have reported very high Tb and Dy grades (compared to VMM- $90M MC, who decided not to report theirs for some reason........)
ALV are utilising a lot of their own equipment which makes exploration much cheaper ($3M in ban- Sep Qtrly)
This sun $20M MC doesn't even include their Palma deposit
At $50M MC equates to a SP of 54c
Looking forward to more ionic ree drilling updates and results
Ann: Thick Saprolite Clays Intercepted at Bluebush Project, page-43
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