I don't see any other company that will drill a 100Mt resource...

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greenmetals

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07/04/17

19:30

Post #: 23945544
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Originally posted by happyonlithium ↑

The 80 million shares were on page 9 of the acquisition Ann on 2 Feb 17 [noted incorrectly as 100 million]. These shares have already been spoken about and calculated into the overall dilution many times when determining MC predictions. Old news.

Klaus was courted by AVZ because of his track record and his influence/knowledge of the DRC.
These projects need someone like that to even have a sniff of a chance of success.

Management have been under a lot of pressure to perform a drill campaign in a short space of time battling poor weather as well as a vexatious litigant. Thank God MMCS caused issues now and not later as they are now irrelevant.

90% of this project has been de-risked IMO and the next jump will be when met testing/mineralogy results are released.

I'm amazed at the MC being so low given that it is almost impossible for there not to be a 100Mt resource as a minimum. The results that flow over the next few weeks will be confirmation of what previous mining activities have alluded and news will circulate around the world quickly.

Whispers about off-take talks are already doing the rounds and as we all know, the biggest gains are from here to the JORC stage.

GLTAHs

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I don't see any other company that will drill a 100Mt resource in the next few months. So I expect a similar run like KDR had last year. Winner takes all effect.

P.S. 100Mt is really a minimum. Not gonna ramp here with a much higher number, but historical documents tell me there's much more. Let's hope weather is indeed calm in May-Aug.

AVZ Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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Add AVZ (ASX) to my watchlist

I don't see any other company that will drill a 100Mt resource...

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Court process clears way for ARB to buy up 4 Wheel Parts business in the US

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Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

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Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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