I used to own AVZ. I know its history. If you go through its early days, you will find me, posting about AVZ.
Yes, its big. But a lot of it, is still conceptualized. It hasn't been defined yet.
Nonetheless, having more than 130Mt is enough to last the life time of Li revolution.
At the end of the day its about making money for the investors - its Not about being able to boast the biggest resource.
In the past, I have invested in some of the biggest gas discoveries in the last 40 years. But they became "stranded" assets for many many years. Those were painful lessons.
AVZ was like that - for many years. And still is frustrating for current investors.
PMT is a lot different. And I am sure AVZ investors (right now) will gladly swap their AVZ shares for PMT shares.
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