AVZ 0.00% 78.0¢ avz minerals limited

Running Commentary on the SP Movements., page-3312

  1. 5,890 Posts.
    lightbulb Created with Sketch. 1869
    Morning yst.
    How insane .?
    Once 25c broken AVZ will be receive further interest by members on hotcopper.
    Suggest reading this thread that contains valuable insight into the size , mineralogy, metallurgy of the spodumene and tin credits.
    AVZ apart from size which IMO is close to 2 billion tons and has the potential to be the lowest cost of production mine when tin credits are factored.

    1,391 posts.
    Date:
    25/03/17
    Time:
    00:24:53
    Post #:
    23616960
    Start of thread
    AVZ drill holes results for 1 , 2 , AND 7 are beyond a depth of 200 metres with excellent grades through out the 200 metres.
    The size and the all important metallurgy certainly worth more than 50c .
    In these studies, Manono pegmatite is conventionally considered as a multi-branched dyke or laccolite, extending 14 km along a NE-SW axis (in agreement with the direction of the host micachists) and presenting in its middle a hiatus of 2.5 km. The width of this body varies from 50 to 800 m, with an average of 400 m. The SW (Kitotolo) area has an area of 1,350,000 m2 while that of the NE part (Manono) is 1,200,000 m2.”

    These dimensions are enormous. If you assume a depth of just 50m, noting that it has been drill tested to 100m ending in mineralisation, you get a volume of 127.5m3 of volume, multiple by 2.8 and that’s 357MT of ore assuming spodumene mineralisation throughout. And that number doubles for every 50m of depth and consistent thickness proven. Obviously just an exercise in big numbers but the site has huge scale.
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