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@strauss Look at EMH's L2O grades: 232.8 Mt @ 0.45% Li2O Would...

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anatol

5,948 Posts.

20440

19/02/17

11:11

Post #: 22729193
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Originally posted by strauss ↑

havent said much since the acquisition because Ive seen time and time again with increased price volume and volatility comes increased posters and many of whom just want to argue or put forward their 2c and @anatol Im not saying you are one of them, which is why Im taking the time to respond to your post

"Now I am questioning; how come this hundred years old tin mine is becoming a lithium mine all of a sudden!"

Without the adequate technical background to properly answer your question all I can do is respond with a similar example or experience of mine which is EMH

EMH was a stock I was very bullish on when it was around 15c as they had a very old Tin mine which also had Lithium credits. The company then said it was looking to reopen the mine but as a Lithium mine, why? because put simply the Lithium demand and price had risen so much that made this not only a viable prospect but also potentially lucrative

There were many who doubted EMHs claims and potential and I copped a fair bit of criticism for my optimism there

Recently EMH hit a high of $1.30 I believe which is 8 bags from 15c

https://hotcopper.com.au/posts/17446173/single

Moral of the story things change, we are already seeing this with cobalt where old Nickel-Co and Copper-Co deposits that weren't viable due to the fall in value of their primary commodity Nickel or Copper are now because being reassessed for their Cobalt potential you can either adjust with the times or ask why are old copper mines suddenly becoming Cobalt mines I suppose

Not gonna post much on AVZ as there's just far too much arguing and back and forth going on, its a shame I much preferred the threads when AVZ was in the low single digits months ago and there was only a few of us discussing it

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@strauss
Look at EMH's L2O grades: 232.8 Mt @ 0.45% Li2O
Would it be economical to mine? I don't think so?
That's what I was saying here. Please read above what I said.

My point was;
Tantalum & Lithium is OK. It's the best.
Tin & Lithium is not OK. You can find little lithium in the same ore.

And my main point has always been here that Manono is a world class tin mine but the sovereign risk is exceptional! Over again.

AVZ Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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@strauss Look at EMH's L2O grades: 232.8 Mt @ 0.45% Li2O Would...

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