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78.0¢ avz minerals limited

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stakx

2,521 Posts.

2102

19/07/19

21:50

Post #: 39609229
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Originally posted by stevo 111 ↑

Yes they paid the tax less 11 million, some thought they would pay less but they didn’t.

For those in doubt of GXYs quests get a grip and read the quarterly.

I’m a massive advocate for AVZ, but also a huge fan of GXY. Before people throw sheet at GXY I would suggest they do their due diligence and try to actually understand the position they are in. Most lithium companies can only dream of being in their position.
I could wright a fricken essay on this stock but I won’t because this is is an AVZ thread.

In regards to AVZ, those doubters of the process to mine. Get a fricken grip, I’ll have a flippant guess at the now and expanding value of AVS’s deposit.. 5-10-15 billion.

Will these sort of rewards on the cards, who truely believes that nobody will want a slice of the massive almost ready to be served up pie.

Simple stuff people. Sheet loads of cash sitting right there, no need for months if not years of extraction to reach the good stuff, just dig it up. Frick all tailings, frick all of anything else, just sheetloads of super high grade spod with impurities most can only dream of.

As for the transport woes, with that much money in the ground it’s the least of our worries.

Does anybody believe that with this much money in the ground there aren’t at least a few big boys going I can taste the cash boys, we are in. Let’s try and all be here till mine, that will be the payday for all still involved.

And if we can leave the other fish in the lithium bowl alone? That would be good, we have nothing to worry about, they have everything to worry about. Because as the bowl eventually gets larger their portion will only get smaller as the largest tier 1 deposit in the world will lay its claim to the biggest fish in the bowl.

GLTA

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An educated look at Galaxy shows some issues involved with their assets. The issue with mining in Canada is the cold weather. Not saying it will be impossible to mine James Bay but there are certainly issues there that will be hard to overcome. RB Energy had lots of issues and James Bay will be no different.
https://business.financialpost.com/...utters-quebec-lithium-mine-as-financing-fails
A frigid winter in northern Quebec forced RB to stop its crushing and grinding operations as the ore in the storage silos froze. The company then ran into problems with its processing infrastructure, meaning commercial production was delayed and its treasury got depleted.
Galaxy buying into A40 on the 4th of June with $22.5m. Buying with an average price of 20c. SP went to 11.5c recently & currently at 13c means they have blown off 35% of their investment currently.

All lithium plays in the same boat recently and more downside to come is very likely. Reporting season has started and for sure there will be a few surprises soon!

AVZ Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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