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 Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
