AVZ 0.00% 78.0¢ avz minerals limited

AVZ - Could have 18mt of contained Lithium Oxide (Li2O), page-3

  1. 5,890 Posts.
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    Great post freehold highlights the amazing size of AVZ .
    The real cash flow and business lies in the cost of production and operating costs plus size.
    Size offers scale at bargain prices ahead of the competition.
    ML has been highlighting this in a number of tweets.

    If there is ever a glut or over supply in the lithium sector only the mines on the lowest cost curve will survive and do well.
    AVZ is extremely well placed.

    https://www.bloomberg.com/graphics/2017-lithium-battery-future/

    This article highlights importance of long term supply security but at the right price.
    ALL those companies you have listed will not be able to compete price wise on supply with AVZ.

    https://www.cnbc.com/2017/07/06/reu...deal-securing-ev-battery-supplies-for-vw.html

    "The contract to supply cobalt hydroxide and alloys, the sources said, was based on cobalt metal prices which at the time were around $28,500 a tonne on the London Metal Exchange. They have since more than doubled to above $58,000 a tonne.
    Glencore and CATL declined to comment on the agreement."

    Traders and boutique brokers may be able to manipulate the share price now but have no say on eventual take over price .

    After drill hole 7 results, Klaus has a 20,000 metre drilling program .
    Majors may want a slice well before JORC.
    30c take over is cheap for Manono given its size and lowest cost curve that ensures profitability against its competitors.

    AVZ is planning to complete an initial 20,000m drilling programme, due to commence early in Q4 of 2017, to define a Mineral Resource (compliant with the 2012 JORC Code) within the Manono Lithium Project by early Q2 of 2018. The initial program of drilling shall be completed on sections some 200m apart and drill hole sites 50 to 100m apart.
 
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Currently unlisted public company.

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