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19/01/22

15:24

Post #: 58980449
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Originally posted by Mining8: ↑

Regarding this BS article designed to create misinformation to lower the share price I just emailed Nigel Ferguson.

This was his response.

BTW I’m not worried about the mining licence.

AIMO

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You have NF on the equivalent modern day speed dial haha, wow.

Originally posted by bigal36: ↑

When the AVZ share price was in the low teens the Spodumene price had dropped to a low of around US$450/dmt and based on that price the financials were looking difficult to justify developing the mine.

But what you are now ignoring is since then the boom in EV's has finally taken off and the Spodumene price has jumped to around US$2600/dmt with analysts now saying it will likely stay at these levels for at least another 4 years due to under supply.

The lithium price was clearly being manipulated by the Chinese but the PLS BMX Auctions proved that there was a genuine shortage and that was the catalyst for the spodumene price to jump substantially.

So whereas the high transport costs were previously a major hurdle in getting the mine up and running the huge profit margin now gets rid of that issue and the mine will end up being the biggest Lithium producer on the planet so for you to keep saying the mathes do not add up is just crazy.

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I think EV boom with a corresponding post vid "oh crap we really need a supply chain independent of china" causing EU, US and maybe Africa (up to battery), to build the full supply chain, could be causing even more of a boom.

Also transport going from SC6 to PLS will increase $$$, I want that dam BFS!!!

AVZ Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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