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23:53
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Originally posted by Freehold
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Interesting what the release of a maiden JORC figure can do for even a stock with a just a moderately large and highish grade resource. In the 1st few hours after CLA announced their maiden Cobalt JORC reserve the share price has shot up +30% (at time of writing) and could prob go more over coming days. Now what can AVZ holders expect when AVZ announce their maiden JORC which is quite likely to make it the a high grade deposit and largest hard rock lithium JORC by tonnage. Similar if not better response I would expect. Why ? Its because the deposit will have been become a little more derisked/certain. Expect similar price moves when other key project milestones are met such as successful studies eg, like Definitive Feasibility study, subsequent increase in Jorc, and offtake agreements with customers such as Chinese buyers etc
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Hey sorry to annoy you @Freehold but I didn’t really get how the CLA results were that great based on the grade percentages that are on the spreadsheets mentioned in my link below and which have been posted on the STT thread a few times before https://hotcopper.com.au/threads/sh...4134262/page-38?post_id=32489365#.WtSohxZ_WaM @Freehold brain question. I still hold AVZ of course
(20min delay)