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78.0¢ avz minerals limited

I thought so too, as other companies succeed and de-risk the...

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michael10

147 Posts.

25

06/05/18

16:49

Post #: 32914984
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Originally posted by ozblue ↑

Hi Michael10,
I worked out all the resource values in $US, but all the share price/market caps were in $A, so no the number does not rise.
In terms of 'Africa discount' reducing as the project develops, that would be my suspicion but I do not have any evidence for it. To my knowledge there are not very many Australian companies running single mines in Africa, that have taken their only mine from exploration through to full mining. There is Tiger Resources, but that is ending badly for shareholders. Syrah obviously comes to mind, but I don't know enough about the Graphite market/prices to comment on that one.

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I thought so too, as other companies succeed and de-risk the area, the 'discount' should reduce. Obviously in theory, and is relatively uncharted territory so is hard to know. Thanks for your response and healthy discussion.

AVZ Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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