While yes I agree and have stated(above) the potential for other lithium bearing pegmatites in the Manono-Kitotolo region I like the fact that AVZ is drilling in historically verified(72 years of extensive historical data) established lithium and tin bearing rock. The company know where to drill (e.g. Roche Dure and Carriere De L'est pegmatites), and this is being proven with their stellar results, producing more than one world record lithium intercept of high grade. This means there is less time wasting and more certainty when drilling and is why I have not invested in nearology plays like 4CE.
This is the advantage of Brownfields exploration which serves to de-risk the project to a certain degree by knowing where to drill! The Brownfields exploration target is currently 1-1.2 BILLION TONNES. Klaus Eckhof has stated that this could be easily be TWO BILLION!, as our largest pegmatite, Carriere de L'est (5.5km long) has only had one drill hole which produced a stunning high grade world record intercept. If the other large pegmatites on our tenements prove half as good as our Brownfields site it will indeed be a bonus.
Exciting times!
AVZ Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
