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78.0¢ avz minerals limited

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TheAviator84

344 Posts.

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24/03/18

09:57

Post #: 31995667
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Originally posted by The Avenger2 ↑

Went through the last three or so AVZ announcements and my take as follows -

1. Chinese partners have told AVZ they wanted project advancement before they made commitment - this was prior to Feb 26.
2. Late Feb, AVZ raise additional $15M and set up Stage 2 drilling program. Stage 1 is well underway and we will see a flurry of results and the way I read it an initial JORC by mid Q22018 which is Mid May 2018. Then Stage 2 campaign will commence and AVZ funded for all this
3. Chinese after point 2 happy with aggressive pathway and now fast tracked meeting with AVZ early this week.
4. On 12th March the big BNBT dropped as one of the major parties and MOU in place and weorking off-takes and major investment
5. A week and a bit later BNBT drop another announcement that chairman going down to DRC with his due diligence team. Hmmm...........very eager and must be very happy with progress
6. Now we wait for the eggs.........

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I believe by project enhancement they were referring to logistics, ie. Road /rail. IMO.

We all know the resource is second to none. Issue is transport

Last edited by TheAviator84: 24/03/18

AVZ Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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