Agree Scarpa, but also hope that behind the scenes management...

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sentinel1221

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19/01/22

20:24

Post #: 58988414
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Originally posted by Scarpa: ↑

It is the risk this side of the market. Companies get mining licences in the DRC. Ask Ivanhoe for example. Not sure your point but all I will say is probably most long term holders who have been here a while are probably free carried anyway.

Approval processes can be lengthy anywhere, including in WA. No point debating this anyway because either you are wrong or right, but ML are provided in DRC, ask Ivanhoe and track its SP, so I would expect a ML to be issued here. The issue is around the timeliness of that ML because there is an obvious opportunity for AVZ to enter production this side of 2025, which IMO is why the SP of AVZ has risen greatly over the last few months.

For holders where the ML becomes an issue is where the market decides the continued delays in the ML will reduce AVZ’s ability to enter market this side of 2025. That is the importance of the ML too me, as I would expect a ML to be provided in due course. SP is a function here of the market view of when AVZ can get to market, given strong NPV here, so the ML is the requirement in part for fulfilling that need. The market does not like delays hence the risk reward equation this side of the market. You have highlighted a risk and I guess if a ML is issued soon you will wilt back into the wilderness but yes risks are always apparent in mining including in production.

All IMO

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Agree Scarpa, but also hope that behind the scenes management are working away on all other outstanding items and not just sitting idly by awaiting this ML, which I don't think they would be.

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