AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-45628

  1. 2,362 Posts.
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    Do some research rather than one liner scaremongering!

    The DRC is the hub of major mining operations including mining majors Glencore and Ivanhoe. There are for instance huge copper and cobalt mines there.

    The new government is particularly pro mining and is establishing a Manono special economic zone to help get the Manono AVZ project up and running.

    African DFI's and other sources are ready to fund us just waiting for the mining licence to be passed(all requirements have been met-just needs to be signed off)

    BTW the electric vehicle/energy storage revolution will not happen without the DRC!

    Why?

    Because it is the world's largest producer of high grade cobalt, a necessary requirement in lithium-ion batteries and is the world's 4th largest copper producer where there will be a deficit as with lithium going forward because of its use in electric vehicles(4 times the copper needed in electric vehicles than vehicles with internal combustion engines) and copper for green energy infrastructure. As well AVZ has the world's third largest tin resource(could become the largest when you add alluvial) whose price is also going through the roof, and will be needed in electric vehicles primarily because of the numerous electrical contacts(solder).

    Also, due to the lithium deficit predicted by 2023, when AVZ will be mining Q1, 2023 there will only be one lithium hard rock(preferred by battery makers) deposit with a resource big enough and with a capacity to expand quickly(large homogenous high grade at and close to surface deposit, with the lowest deleterious elements, lowest strip ratio, that can be cheaply mined and cheaply converted to SC6 and primary lithium sulphate); and that is AVZ.

    Because of AVZ's size and being in the lowest cost quartile it will have the potential to disrupt and control the market! and unless inferior deposits can show to be economic(cost of: mining/conversion/contract deals), (for instance PLS runs at a loss) they will go out of business!

    AIMO

    BTW some very exciting SP catalysts coming up for this highly undervalued company!:

    Q3/Q4 Catalysts for AVZ:

    - SEZ(special economic zone to reduce taxes, royalties and duties-VAT exemption?-tax holiday?)-increased stake in project-75% guaranteed of the world's largest hard rock resource, 90% mooted by management.

    - further offtakes SC6, tin. primary lithium sulphate with prepayments? to follow the already mammoth binding offtakes with GFL/Ganfeng ,Chengxin and Yibin Tianyi who aim to be China's biggest hydroxide producer who supply CATL-the world's largest lithium-ion battery maker.

    - feed study

    - mining licence

    -updated DFS

    -JV hydroxide plant Glencore?

    -funding

    -FID to come.

    Just a little more patience required.

    Exciting times ahead for AVZ!
    Last edited by Mining8: 08/06/21
 
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