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78.0¢ avz minerals limited

I think its bottomed out TBH, bounce is imminent here. Best...

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Mundo122

10,090 Posts.

1207

20/09/19

11:00

Post #: 40493367
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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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I think its bottomed out TBH, bounce is imminent here. Best lithium valued stock
Greatly oversold, and grossly undervalued compared to peers.
Should move and move very quickly IMO

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

0 Great analysis

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