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.View attachment 3830339Key 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 Li20resources = 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 Li20reserves 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.View attachment 38304053. LTR Chart (2019 - present) with explanatory notes.View attachment 38304174. AVZ Chart (2019 - present).View attachment 38304265. Don't forget the Tin... new all-time high overnight
View attachment 3830435GLTA and also don't forget to register for the DRC-Africa forum (commencing tomorrow DRC time)
Register (drcafrica-businessforum.org)Cheers
Elpha
View attachment 3830465