AZL

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1.8¢ arizona lithium limited

Is your price target still 18 to 20c per share, or has this...

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bobbydazzler13

812 Posts.

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27/12/23

19:17

Post #: 71632714
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Originally posted by BRProject: ↑

I would prefer next week personally for my own selfish reasons... but if Paul wants to keep his word then yeah this week. Ultimately it's not up to him or any of us but whether or not it's ready for release.

A friendly reminder, as important as the economics figures are, what's more important is progress to reach production- so the PFS needs to tie in with results of pilot plant (end products examples for use to showcase to investors, off takers and potential partners) and timeframe, in particular when is first production drill scheduled and all the rest of activities planned for next year and key milestone dates / critical paths to commercialisation.

Note: As easy as it is to be an armchair critic, some appreciation would go a long way in understanding how difficult it is to construct big new shiny buildings, procure equipment, hire staff, basically start a business and create supply chains from scratch. This is essentially the challenge of Prairie Project for next year (2024) if to reach commercial status Q1 2025.

Is it achievable? Yes. But experienced investors/stakeholders know all to well to keep a leash on capital investment without necessarily starving the company of cash.. just enough to ensure prudent cashflow management, allowing enough pressure for constant cost reduction and innovative ways of working to achieve same outcome.

This post is a reminder that feasibility studies is just one piece of a bigger picture. Hence when released, some companies see a re-rate and some don't as it depends on that bigger picture and what each investor are looking for. Generally speaking though, PFS grabs attention and entice more to diligence the company better with fine-toothed comb... especially when PFS shows a highly competitive cost structure and high IRR, which we believe Prairie Project's PFS will show hence investing before release not after. Cheers

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Is your price target still 18 to 20c per share, or has this changed.

AZL Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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