"... they had a PL and needed nothing more from the SIG to complete a JORC and feasibility."
to the here and now:
AVL has a ML for SJ and need nothing more from the SIG, however AVL needs to complete a feasibility study to get an off-take agreement and further finance.
Mine development without an off-take agreement is a step into the unknown.
An off-take agreement without a feasibility study is a step into the unknown.
Where is the feasibility study?
Where is the off-take agreement?
These are known unknowns.
AVQ Price at posting:
10.5¢ Sentiment: Sell Disclosure: Not Held