Largest lithium resource with lowest valuation

Based on ASX announcements, I've compiled the following table.
This is not advice, just for discussion.
Please do your own research.

AVZ's Exploration target is clearly massive, its targeted lithium resource is greater than other listed companies' aggregated lithium resources.

AVZ's Manono lithium deposit is shadow and high grade.
Recent Drilling results are extremely exceptional,

- MO17DD001: 235m @ 1.66% Li2O & 1001ppm Sn (24.5m - 263.9m)
- MO17DD002: 202.8m @ 1.57% Li2O & 1078ppm Sn (65.5m - 268.3m)
- MO17DD007: 250.9m @ 1.48% Li2O & 913ppm Sn (1.9m - 252.8m)

Exploration target has been upgraded to 1Bt - 1.2Bt @ 1.25% - 1.5% Li2O (about 6 -9 times of PLS'; AVZ's ownership 60%).

AVZ is heavily discounted mainly attributed to,
1. Early stage; De-risked by exceptional first batch drilling results.
2. Location/sovereign risk; De-rerisked by HuaYou investment and strong interest from other large Chinese companies.
3. Legal claim; Being dismissed, similar to KDR/MZN.

AVZ's Current EV/Resource is only at $11, where others are well above 130, EMH is at 20 due to its low grade and zinnwaldite resource, imo.











The Manono Project is currently held by AVZ Minerals 60%, La Congolaise D’exploitation Miniere SA (Cominiere, DRC State-owned enterprise) 30% and Dathomir Mining Resources SARL 10%.

Manono Project previously owned by Geomines SA (Belgium mining company); operated 6 open pit mines from 1910-1982 on the Manono Kitotolo pegmatites, producing 140,000 - 185,000 tons of tin concentrate (Zairetain 1981).


Additional 100% licences surrounding existing Manono's 60% licence.

AVZ has secured a 100% interest in licences PR4029 and PR4030 (242.25km2) which surround licence PR13359.




Re Sovereign risk,

There are many global mining companies especially Chinese invested in the region.



Re Infrastructure:

AVZ's partners, Dathomir and Cominiere have agreed that Dathomir will secure up
to USD45M funding for the rehabilitation of the Piana Mwanga hydroelectric power station.

Dathomir has agreed that it will secure up to an estimated USD300 million for the rehabilitation and rebuilding of the road from Lubumbashi to Manono for heavy truck haulage.

Seekalpha's article was written before the upgrade of the exploration target to 1Bt- 1.2Bt @ 1.25% -1.5% Li2O.
Estimated fair value could be anywhere between A$1.33 and A$13.4 per share for 800Mt @1% -1.5% Li2O.

https://seekingalpha.com/article/4108404-can-congo-become-saudi-arabia-lithium?page=2
http://www.scmp.com/business/compan...-seeking-new-mining-assets-after-fund-raising

Potential suitors:
- CATL (Valuation: A$16b)
- HuaYou (MC: A$9.4b)
- CMOC (MC: A$29.7b)
- ShanShan ( MC: A$5b)
- Shanghai Greatpower


DYOR & GLTA.