If that is a genuine post the answer evolves around:
1. Identifying a measured and indicated resource. Until one gets there, an inferred resource does not underpin mining development decisions. That is IMO the market now waits for a measured and indicated resource, potential has got the SP to here but now IMO the next kick up will be dependent on the drill bit giving a good JORC outcome in that category. Value will start been unlocked as this drilling program ends and for avoidance of doubt I suspect the current program will identify a measured and indicated resource around holes 1 and 2 (and possibly hole 7) whilst holes 3 - 6 will remain in the inferred bucket but I think the measured and indicated resource will allow my point 3 below to occur - see Post #:
30584863 and Post #: 31151197
2. To maximise SH value AVZ needs to decide whether to be a miner, a JV or just want a TO to happen. The latter will be a lower SP TO wise btw and for avoidance of doubt if we identify a measured and indicated resource in line with point 3 below but decide to simply sell the deposit I wouldn't be expecting a TO price north of 75c btw. See Post #:
26548026 and Post #:
29971739 and Post #:
31124122
3. Key point is project economics, which need to be detailed at some point, and by that I mean even if AVZ simply wants to be TO after the drill results it must have an idea in its head on project economics variables and the market's ability to absorb a reasonable amount of product to leverage the best price. Obviously if it becomes a miner well the SP will head way north of here. The value of AVZ is based on it been able to start up at between 5 million tonnes to 10 million tonnes of ore feed per year. See Post
31007950 and Post #: 31124122 If mine unable to start at this level then project economics will be adversely impacted IMO (also see point 2 above)
All the above IMO, and if really a genuine question - i.e.I note you joined HC today then click on my name and others and read our posts if interested, when resolved will see this SP go higher, which commences with 1 above.
All IMO
