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News: AEV Avenira Receives Mining Authorisation For Direct Shipping Ore Operations, page-274

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373 Posts.

186

07/06/24

10:08

Post #: 74209261
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Originally posted by number3: ↑

I don'tthink he's been flip-flopping at all. They've always had Wonarah, and the prevailing economics had been stacked against commercialising it and getting a mining operation underway up until only a couple of years ago. So the company diversified, looking for something with the potential to become a revenue-generating enterprise. So begins the foray into gold. Then, as Brett said in a recent interview, they began to learn that phosphate was an important component in LFP batteries and the Wonarah deposit had a potential market outside of the fertiliser industry. At the same time, phosphate prices were high, and there was potential for AEV to kick ofd a DSO operation. Prices fell overnight, and that market was gone. BC and no-one else at AEV can control that. So now the focus remains on LFP and YP.

So no, there's no flip-flopping here. Just a Chairman who's working his arse off trying to commercialise the company's biggest asset.

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And keep in mind the work theyve done for the DSO applies for YP.

Getting traditional owner approvals.

mining license.

Major project status.

hiring staff.

etc.

so it wasn't wasted time, it's helped accelerate yp.

AEV Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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