As I have posted on this thread and others 25c with an 'inferred' resource or just before that stage. So with the $13 million in the bank they need to drill more holes around the area of hole 1 an2. I suspect hole 7 will be good as well - drill around that area. Don't do much in the middle - holes 3 - 6 - as those subsequently buying can test whether the tin resource is good enough to move those resources up from inferred there, As long as get to a 'measured' and 'indicated' resource, using JORC code, then I do see a sales price north of 30c but not this side of Xmas and not until further drilling is done. I suspect as I posted previously in this thread that there will be two mines here (one around hole 1 and 2) and the other around holes 7, and best guess there will be a 'measured' and 'indicated' resource 5 times that of PLS, and everything else will remain inferred. So that is my view - sell now, 25c max, sell later the drill bit needs to do the talking.
All IMO
AVZ Price at posting:
14.3¢ Sentiment: None Disclosure: Held