Yes, we may have backed the wrong horse to date if viewed objectively, and regardless of what the naysayers say about companies like PLS and LTR - their performance has highlighted the importance of jurisdictional concern and management considerations.
however the question to those complaining now (and believe me I agree with most points, we do invariably trail the pack) - is what is the upside from here? PLS is arguably overinflated in SP, though IMO is likely to continue to push higher in a bullish sector. But how far can it go? LTR is likely pushing its limits given its state of development, though again may continue to benefit from sectoral interest. Similarly there are a number of other explorers and development players that will experience some additional growth, but are advancing through NPV levels to beyond 100% - always a concern at their stage of the game.
AVZ on the other hand, has SIGNIFICANT upside remaining from the point where we stand now. If the market can somehow be convinced we're the real deal, that we'll be mining, and that the DRC is not the hellscape it's perceived to be, then we have the potential to fly. What will foster this awareness, I don't know. Is it ML / SEZ? I hope so, but maybe not. Is it achieving financing? Especially if it involves a major player, some kind of JV with an entity like LG Chem? Perhaps!
Sure it may not happen as we would like it to, and there remains much risk that we remain in the doldrums or worse, but if the stars line up there is a hell of a lot more room for us to move than say PLS. So hopefully we look back on this time in 5yrs from our yachts, see DRC developing and pulling itself out of desperate times and say, well perhaps we didn't back the wrong horse after all.
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