Ann: Update on timing of results from remaining drill holes, page-103

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PASBOZ

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06/09/17

10:49

Post #: 27027531
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Originally posted by Scarpa ↑

What your forgetting is the Chinese bid before project economics is actually proven. Even if hole 1 and 7 come in good most private sector companies will wait to a JORC resource is proven with significant resources making there way into the 'proved' and 'probable' category. The Chinese are different - 'inferred' and away they go - sometimes it works, sometimes it doesn't and I posted as such previously -see Post #: 26787159. For others to understand what I said here is a JORC map to understand where the Chinese are actually likely to bid IMO and that will IMO mean no more than 30c a share - "inferred'. Private companies generally bid when a resource is in the 'proved' and 'measured' category or the mine is in production IMO.

Agree, noting the above the only way AVZ will get a higher takeover price IMO is if a non-Chinese entity bids but not many non-Chinese companies bid at an 'inferred resource stage'. My thoughts on that were in these two posts.
Post #: 26819229
Post #: 26820384

A bit confused here - I thought the assays for hole 1 and 7 were to be done in South Africa, so pleasantly surprised now to be done in Perth. Maybe my memory is failing me again.

All IMO

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Yes excellent news that all assays to be analysed in Perth .
Consistency and reliability from 1 reputable company.
Imagine the questions regarding reliability if 1 and 7 were from DRC ,/South Africa,and rest in Perth.
https://www.alsglobal.com/au#industries-section/industries-detail

AVZ Price at posting: 13.3¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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Ann: Update on timing of results from remaining drill holes, page-103

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