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78.0¢ avz minerals limited

Ann: Manono Project Update, page-107

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lecram

3,185 Posts.

189

20/11/17

15:07

Post #: 28953659
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Originally posted by Mining8 ↑

taweil says:

"Reckon the TO won't happen before the drill tbh. Why gamble the money away when you can just wait for a sure thing. Sure, the price is going to double, triple whatever, but the profit is going to outweigh the cost anyways."

Great point when you have a once in a lifetime monster resource like this, which AVZ CEO Klaus Eckhof has stated could be TWO BILLION TONNES plus once fully JORCed. In that case, paying a premium for AVZ will be insignificant when potentially you could control lithium pricing and supply, aided by being the lowest cost producer with a tier one tin asset to pay for lithium mining and processing(offset transport costs), and cheaper other costs(labour etc.) than Australia.

Therefore, by waiting a little longer, which is not long(a few months) in the scheme of things AVZ could at least 3 bag from this point, and I would consider $1.00 conservative in this scenario!

AIMO

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Agree and I think once proven $1 is then way to conservative more like upto $2
imho

AVZ Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

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