Ann: Trading Halt, page-106

First 106 Last

Share
Profile

Follow
Tylerthecreator

601 Posts.

48

18/02/20

11:10

Post #: 42992066
Share

Originally posted by Kikker1959: ↑

Scarpa, I respect your knowledge of the technical side of mining, its vast. Where we differ is the execution and the risk profiles that come to the front and the discount given tot that. Having a DFS or other studies, does not automatically mean that these cost and timelines can be met. Again, historically AVZ never met one. The original rigs from SA were months and months delayed and the pond was dry a month after the max timeline set. Managerial skills, wet seasons, external parties, corrupt government officials, infrastructure rollout etc etc are come into play. No DFS can cover these risks, delays and perhaps cost blow outs. The markets will look closely at all this and thats why the WA miners are rated and priced always higher, it has little to do with the size and quality of the resource. I reiterate that having a 1b resource size is meaningless if you have a 5mt mine only. You can ramp this up only with a Hydrox plant but I cant see this this side of 2030-2035.
Although LTR DFS might be a year behind AVZ, I still believe that LTR will be producing well before AVZ given the above. However the most likely outcome is that the mine will be operating but not in LTR hands. AIMO.

Expand

All anecdotes and no proof whatsoever. Do you have a habit of posting your opinions instead of factual content ??

Ergo - no one cares anymore what you have to say here if you havent noticed.

Last edited by Tylerthecreator: 18/02/20

AVZ Price at posting: 8.2¢ Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now