Manano, the one hit wonder + 100 years of mining, so far., page-10

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17/08/17

14:57

Post #: 26566386
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Originally posted by mistie ↑

AVZ Market cap ($224M) has just rocketed pass the market cap of Kidman Resources ($224M) and soon will catch up to Altura Mining ($270M), then the next target will be Pilbara Mining ($558M).

How far can the AVZ share price go?

My questimate as a minimum in the short term (end of September), 60% of the market cap of Pilbara -
$335M or 20c per AVZ share.

Blue sky potential, a market cap greater than the combined three WA emerging spodumene producers listed below - $1030M or 62c per AVZ share.

As most likely the Manano Lithium resource base will far exceed the entire resource base and grade of those three companies which total 323Mt @ ~1,3% Li2O. And then there is more, Sn. More and more exciting times ahead. Good luck to all AVZ shareholders … I am super happy to be on this boat. Bye …

AJM 17/8/2017
Mcap $262M @ 17c fps (1541M fps, $13M cash, $140M debt facility)
Pilgangoora Ind/Inf resource 39.2Mt @ 1.02% Li2O (Prob reserve 30.1Mt @ 1.04% Li2O)
AJM value per resource Li2O tonne (~400,000t contained LiO) = ~$655t

PLS 17/8/2017
Mcap $565M @ 38.5c fps (1467M fps, ~$87M cash, $130M debt facility)
Pilgangoora Ind/Inf resource 156.3Mt @ 1.25% Li2O (Prob reserve 69.8Mt @ 1.26% Li2O)
PLS value per resource Li2O tonne (~1.95Mt contained LiO) = ~$290t

KDR 17/8/2017
Mcap $203M @ 57c fps (333M fps, $3M cash, $5M Capri debt, $106M funds for mine
development + $40M cash upon SQM deal being executed)
Mt Holland Li (KDR 50%) Ind/Inf resource 128Mt @ 1.44% Li2O plus Au (KDR 100%) Ind/Inf resource >1M ozs
KDR value per resource Li2O tonne (50% of ~1.84Mt contained LiO) = ~$206t

Expand

Well there are resources ... and there are "Good" resources ...and "Good Big" resources ....then there are the "Very good /Very big" resources ...

Some examples of Very Good/Very Big are :-

Pilbara Iron Ore resources of BHP, Rio and FMG & Vale in Brazil Etc

Escondida - Copper (BHP/RIO)

Olympic Dam - Copper U308 (BHP)

Kalgoorlie super pit (Barrick/Newmont)

and there are others...

I suspect Manono/Kitololo will be "Very good and very big" (Klaus hinted as much on pg 1 of last presso).

The one common feature is they all have been swallowed by a major(s) with the exception of FMG ...and look what happened to FMG share price.
AVZ Price at posting: 14.8¢ Sentiment: Buy Disclosure: Held
36 Upvote

0 Great analysis

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Manano, the one hit wonder + 100 years of mining, so far., page-10

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