Similar experiences where I sold out too earlier. FMG sold at $3.20 and reached $24, and KDR sold at 40c and on a much inferior deposit and in a much weaker bull market it reached $2.40.
AVZ with its monster resource
(400 [email protected]%Li2O, exploration target 1.5 billion tonnes that Managing Director Nigel Ferguson stated I quote,"could be achieved easily")with10 Mtpa plans which could easily expand to 20 Mtpa with the Carriere de l'Este pegmatite or 100% of expected LCE production of 2024
the sky is the limit re: share price!You speak of two important things, the size and purity, Purity is often
NOT factored in by investors, because in the end it is the ease and efficiency to convert to battery grade
(high consistent grade with lowest impurities=easy and low cost to convert) and is what battery makers like, and why the world's biggest, CATL want our lithium and therefore the need for a 10 Mtpa plant.
The other factor that is important to those who want our product is the
ease of access to large quantities of lithium. That is where AVZ has a
H.U.G.E. edge to its competitors, with its lithium being high grade, at and near surface, homogenous, so with little internal dilution with minimal ore feed to produce lithium product. Contrast this with deposits like LTR with its main orebody 350 metres below which will require an expensive underground mine which because of its configuration cannot obtain access to all of its mineable resources!
AVZ's superior resource is its size and purity as summarised below:
High-level independent metallurgical test verification of Manono's lower iron, fluorine and phosphorous levels - and projected significantly lower open pit stripping rates - underline the incredible latent value in the DRC project.
"We think this project is completely different to every other project out there because it is so large - we're not talking about 10m-wide zones, it's 200m," says Ferguson.
"But it's not just about being the biggest in the pack, it's very much about that scale translating into value, which comes back to quality.
"It's the nature of the beast at Manono, with such a big, wide [pegmatite] body; it's cooled slowly, so we've got large crystals and a cleaner pegmatite. We've literally got, one side to the other, a single zone, and the wall rocks are black,
and the pegmatite is white … so we can just strip it down either side and not worry too much about dilution. It's pretty much 1.65% all the way through!
"SCT, which has designed about 85% of all the hydroxide plants in the world, have said they've never seen such a clean product - just really high grade and no detrimentals of any issue whatsoever. We have low fluorine, very low phosphorous, the iron is down to 0.4% in the product … and we'll probably get that down further with more tweaking. There is 2-4% mica in the body itself, but once it's processed it's down to … less than 1.5% mica, and we'll get that down further too."
AIMO
