Check Intex Resources as good comparison. Deemed to hold one of the top 5 nickel laterite projects in the world. Current market cap A$35m. Way more advanced stage than AVQ.
NPV(10) of USD2.5 billion at USD8.25 nickel price. Ebitda estimate USD1 billion per annum. Operating costs were estimated at USD 2.11/lb before credits for by products and USD0.56/Lb after credits. Proven and Probable Reserves 2.6 bn pounds of nickel while the total resources contain approximately the double amount, with further upside.
Mou signed to sell the project for USD296m to Chinese.
Stock still valued at A$35m.
People that think AVQ will go to $1 are probably constantly drunk.
I feel sad for newbies getting sucked in by these lofty valuations by AVQ holders who likely have a hidden agenda.
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