Australia's largest stock trading and investment forum Australia's #1 stock forum

AZL

4.76%

2.0¢ arizona lithium limited

Ann: Prairie Lithium PFS Confirms Extremely Low Operating Cost, page-95

First 95 Last

Share
Profile

Follow
lifefree

3,091 Posts.

217

29/12/23

13:42

Post #: 71657475
Share

Originally posted by BRProject: ↑

That's just the tip of the iceberg, as even Ioneer faces BLM challenges (although behind the scenes Chevron and if I remember correctly Shell has their back) but it will take time. Just ask AZL shareholders haha

Prairie Project really is a diamond in the rough, made quite pronounced once everyone discovers why Saskatchewan is a special place for mining. They laugh at one year production timeframe, they can do it faster if given the funding - no shortage of skilled workers, equipment, local/land owners and Govt support.

Where is Anson, Utah? The land of rich land owners where they build holiday homes for winter sports.

VUL is in NIMBY Europe, although I'm also an investor there (just recently acquired again) CAPEX is multibillion- the only saving grace on their ASX market valuation is that they are raising capital via private subsidiary companies through JVs and has VW as their "daddy". Here's an old joke for reference.

Standard Lithium is a good peer, as well as E3 Lithium. So is VUL but they serve a different market. What the industry/market isn't doing right now is separating between different type of lithium sources therefore different cost structures and corporate financing, and different markets (Big Mac cost different in Europe vs Asia, and so will lithium).

All said and done, it's not a zero sum game. All lithium mining developers right now MUST achieve production/commercialisation if to supply the world enough future raw materials demand.

The "oversupply" narratives is false. Lithium is not copper or iron ore. It is barely even recognised as a commodity yet. Oversupply narrative is manufactured and it is killing production right now as expected (see CXO) so lithium will just get more expensive (even if today cheap) in the future as a result.

Once a mine enters commercial status, it gets valued differently and more funds, ETFs and portfolios acquire shares of the company no matter the share price.

So if I'm a betting person, I'd bet on both... although more ante on AZL than ASN. But I'm not. I'm an investor and due diligence says judge on risks and uncertainties. AZL have no permitting issues or geopolitical risks (note elections across the world 2024) and minimal if at all uncertainties in reaching commercial status if given the funding.

Hope this helps

Expand

"Where is Anson, Utah? The land of rich land owners"

Forget about the religious slur, he probably doesn't know the state's history (or the comparative wealth of Scottsdale and Paradise Valley). It's just fun to see him belittle projects on BLM land, although I think BLM has approved their projects and it is state water regulation that is still at issue. If you don't like BLM, you should really stay away from Big Sandy.

AZL Price at posting: 3.1¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ENR

Encounter sniffs 4% niobium across 1.6km of strike in WA

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

MEU

Marmota hopes to punch through the ceiling of a high-grade system at Goolagong – geology willing

There are more pages in this discussion • 91 more messages in this thread...

First 95 Last

Add AZL (ASX) to my watchlist

(20min delay)
Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $89.47M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.0¢	$155.3K	7.284M

Buyers (Bids)

No.	Vol.	Price($)
16	2365384	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	585419	4

View Market Depth

No.	Vol.	Price($)
1	350000	0.022
4	758037	0.021
17	1901327	0.020
6	1960000	0.019
24	4710349	0.018

Price($)	Vol.	No.
0.020	25000	1
0.021	211183	3
0.022	2065464	8
0.023	9478683	7
0.024	4405063	15

Last trade - 16.10pm 15/07/2024 (20 minute delay)

AZL (ASX) Chart

Ann: Prairie Lithium PFS Confirms Extremely Low Operating Cost, page-95

AI stocks: What to expect in 2024-25

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Encounter sniffs 4% niobium across 1.6km of strike in WA

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Marmota hopes to punch through the ceiling of a high-grade system at Goolagong – geology willing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Prairie Lithium PFS Confirms Extremely Low Operating Cost, page-95

Top Stories

AI stocks: What to expect in 2024-25

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Encounter sniffs 4% niobium across 1.6km of strike in WA

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Marmota hopes to punch through the ceiling of a high-grade system at Goolagong – geology willing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News