Originally posted by Chair-Face
I'm getting the feeling that we wont hear about the Crown JV or the drilling campaign for the Lithium until AVZ release their scoping study.
I doubt HIP would go ahead with the crown JV if the AVZ scoping study was reported as uneconomical.
Lucky for us this scoping study is paid for by AVZ but will give HIP(given its location) a good indication of the economic viability of our project in the case of positive drilling results.
That seems pretty logical to me.
If you’re right then I like the calculated caution that it shows for HIP’s management, even if I’ve been a bit miffed not to hear they’ve finalised the JV deal.
Confirmation of an economical scoping study from AVZ is the biggest constraint on their share price at the moment (people are worried about transport costs and reliability, in particular). If AVZ show transport is a minor inconvenience then the commercial value of the deposit will increase significantly, as will all the surrounding deposits.
Result: 4CE, TTX and HIP should all get a massive kick from a good scoping study.
