AVZ will have to go through some Credit Raising pain to be able to drill.
PLS drilled 30 then up to 45 km worth to prove a current asset of 152 Mt. PLS worth about $600 million. Actioning a couple of credit raisings on the way.
So I say drill away and prove up a Behemoth of an asset. Actual grade and tonnage = value divided by share price!
As for a CR...definetly. Prove the grade. Gain sp appreciation. Id like to see management do a 80:20 Fund/Instoes:Retail credit raise of $20 to $50 mill and drill away. Realistically more likely to raise $2 to $6 mill unless they can prove up great Lithium grades and with geological confidence/results infer a huge resouce.
Mayby the CEO might even put in 20 or 30 mill shares out of His newly allocated 100 million to help raise credit?
Cheers.
AVZ will have to go through some Credit Raising pain to be able...
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