Friday fun to offset a few on here that are so negative. Hint Hint!
I'll back-off the meme posts if you try to be more positive.
CRs are a necessary part of the initial development of a company into a profit making machine.....
Move on complaining about the CR, please.
15% at a cost of $27million added $11.5billion, yes, $11,500 million to the value of the ore reserves, based on RD only (not including CDL)!!
Yes, there might have been other options, like $27million prepayment as part of one of the off take agreements. But that probably would have altered the terms of the off take agreement, maybe less profitable?
Once they update the economic model, the 15% will add much more to the NPV, mining life, etc, etc.......
Remember: Energy flows where the focus goes!
AVZ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held