Morning all,
Just a quick snapshot update and a few BIG CHART comparisons, before things kick off tomorrow (DRC time).
1. AVZ snapshot vs select spodumene peers.
Key points to the above:
*Whilst the SP is heading in the right direction, AVZ is still trading at a heavy discount vs its spodumene development peers.
EV/t Li20 resources = A$439 vs A$1424 (development peer average), representing a whopping A$984/t or 69% discount.
*In order for AVZ to match LTR's current EV/t Li20 reserves valuation of $2422, AVZ's SP would need to rise to $1.635 (75% ownership) or $1.215 (assuming 51% ownership post CATH deal).
2. FMG weekly chart extract (June 2006 - June 2008) with explanatory notes.
3. LTR Chart (2019 - present) with explanatory notes.
4. AVZ Chart (2019 - present).
5. Don't forget the Tin... new all-time high overnight
GLTA and also don't forget to register for the DRC-Africa forum (commencing tomorrow DRC time)
Register (drcafrica-businessforum.org)
Cheers
Elpha
