I agree. I think he is very conscious (now) that they have been pulled up for getting ahead of themselves in their bullish comments to date. (He added that they don't believe they have overstated what they have said. However, they recognise need to tick boxes for ASX and ASIC and be in compliance with JORC.
Well worth a watch as plenty to take away from this.
I also am of the view that they will joint venture - perhaps with a number of parties. Depends on the deal they can agree and what parties can bring to the table. A strategic investment of $40-$50m will involve some sort of oftake agreement. This will derisk the project and enabel funding for infrastructure.
Results are positive - awaitng qualification so as to announce to market.
Hang tight
AVZ Price at posting:
21.3¢ Sentiment: Hold Disclosure: Held