50c. Won't be a popular opinion, but if anyone offers higher than 50c after initial JORC I think they will seriously consider it and communicate it to the shareholders.
If I remember correctly Nigel has mentioned the 50c valuation after JORC during a presentation last year. And don't get me started on all the 50 Cent references on Twitter in the past....
So anything higher than 50c will be considered as a serious offer after initial JORC.
What’s the idea in mentioning a starter pit of 2Mt for a 300Mt project (Roche Dur)? Must be a part of sale strategy: "We can do it, the Manono project is real and possible."
I don't see any other reason. Because 2Mt is crap. You don't need a 300Mt JORC for a 2Mt operation starting no sooner than late 2020. Probably later when you factor in delays.
You need 300Mt to boost your TO price. (That's why Klaus raised money for another 20.000M drill program. He wants to create as big as possible M&I JORC before wet season starts again.)
OK I'll shut up now.
AVZ Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
(20min delay)