They have a significant resource 132Mt @1.63%. I don’t know many foreign companies that have successfully operated there except for the Chinese. A few paper bags and your so called contract is meaningless. I feel sorry for the AVZ holders, the average duration of cases is around 26 months so fairly lengthy and costly.
The drilling commencing in the next week or two, which hopefully helps the SP. Whilst we might have a much smaller resource we’ve got a greater chance of becoming a producer
ESS Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
