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78.0¢ avz minerals limited

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Tonster66

406 Posts.

167

23/10/21

15:26

Post #: 57020346
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Originally posted by PASBOZ: ↑

The only reason this freakish deposit will go into production is because this management were able to obtain a Joint venture partner that provides project funding and end an end customer for AVZ SC6 up to 1 million tons when you include PLS supply.
Not bad for the life of the mine.
Bloody Amazing Really.
Brilliant result by management and should be rewarded
CATH will not only inject Aus $ 500 million but as a 24% JV partner will contribute it's % to additional funding to scale up to 10MTPA which AVZ has a 51% ownership .
CATH essentially will inject over $700 million Aus $$.
What implications and flow on does that bring to AVZ Minerals.
Security plus A + rating to further funds .
Give up your shares now and miss out on a $5 billion market cap once in production .
Patience definitely required.
but IMO once announcement out to proceed to FDI with a 10MTPA mine .
Will provide Green light for further high net funds to invest .
Remember 10 Billion Market Cap for a copper mine that production only started in May this year in DRC.
ALL IMO

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I don't believe they have secured funding as yet.

AVZ Price at posting: 32.5¢ Sentiment: None Disclosure: Held
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