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78.0¢ avz minerals limited

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FrankMe

5,602 Posts.

3059

20/09/19

10:20

Post #: 40492241
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Originally posted by 8horse ↑

The stock market is forward looking and overreacting.
Iron ore price hit the bottom USD$38/ton in December 2015, but bounced quickly to USD$55/ton shortly after, although oversupply issue and negative views remained for months, institutions still published negative outlook but reality was already bottomed and recovering.

Back AVZ, its PFS FOB cost is still very low, USD$323/ton, adding royalty & freight to China, all in cash cost would be around USD$400/ton without tin credit. ASX hard rock producers cash cost are between USD$450 and USD$610/ton.

AVZ has the largest deposit and highest grade on ASX, but heavily discounted.
Given likely achieving similar cash cost, why should AVZ be valued at 80-95% discount?

All imo.

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GLTAH -

Cheers

Frank

AVZ Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
12 Upvote

4 Great analysis

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