I agree, then again I could have used AJM and KDR as a comparison also:
Project: Manono Lithium Project, Congo (60%)
Conceptual exploration target 400 – 800Mt @ 1.0 – 1.5% Li2O
EV at lower end of conceptual model, 400Mt @ 1.25% Li2O for 5Mt contained Li2O
5Mt x $655t (AJM) x 60% = $1,965M mcap or 1.33c per share potential within March 2018 qtr.
5Mt x $206t (KDR) x 60% = $618M mcap or 42c per share potential within March 2018 qtr.
AVZ share price potential does not take into account any increase in shares on issue via capital raisings etc.
Either way IMO the AVZ SP will not be sub 10c for too much longer. Good luck …
Notes:
AJM 2/8/2017
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 2/8/2017
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
PLS SG’s: oxide 2.53 g/cm3, transition/fresh 2.72 g/cm3
KDR 2/8/2017
Mcap $190M @ 57c fps (333M fps, $3M cash, $5M Capri debt, $106M funds for mine
development + $40M cash upon SQM deal being executed)
Mt Holland (KDR 50%) Ind/Inf resource 128Mt @ 1.44% Li2O
KDR value per resource Li2O tonne (50% of ~1.84Mt contained LiO) = ~$206t
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