Thanks Rusty for your thoughts on ADV. Mike

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buster1

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04/08/17

11:15

Post #: 26289216
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Originally posted by rusty02 ↑

Hi Mike
Not sure whether I make the true believers club. My beleif is making money and finding good holistic investment.
Now the question...."will I be set in 2 years"
SEYMORE.
In a few weeks management will be holding very important meetings with the mining committee's, dept, partners, landowners and stakeholder. This meeting will show management and partners the course to production. Due to the fact that termsheets are in place and one or more facilitators, fastrack to production is definitely on the table for discussion.
Now, will full blown feasabilities and enviro's be needed or can some of these studies be negated. JORC and customers for our lithium is not an issue. Market still to wake up.
As I am privy to some discussions with the case study officer it is IMHO that a ML should be acheived within a year (implementing fastracking) and production to be within the 24 month prior from ML.
So to answer your question in 2 years time I would be expecting CAPEX complete, civil works in full swing and moduline plant being transported with Yantai running the course of the BOT.
What price would the MC be...... market would have to factor production soon and by then Wisa would show us its treasures so a MC of $12ml would be a distant past.
This doesn't include our other leases and acquisitions.

PS: The Atl labs and/or Perth labs results should be trickling in so looking forward to some assays or metallurgies data soon.
Cheers.

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Thanks Rusty for your thoughts on ADV. Mike

ADV Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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Thanks Rusty for your thoughts on ADV. Mike

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Thanks Rusty for your thoughts on ADV. Mike

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