Depends on your view of the SS. For me, at this stage, too many of the assumptions that went into the financial evaluation are overly optimistic and on the high side of the "peers range". If these inputs are normalised to peer group, I don't think the 2 Mtpa scenario paints a particularly compelling picture and I think the beating the SP got following announcement of the SS was indicative of this sentiment. Perhaps the impressive drill results (no doubt they will be impressive) are being released to distract investors from the mediocre (my words) scoping study. I'm supportive of any tactic employed to stabilise the SP, but I'm not convinced more drill results will do it.
AVZ Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
