Think we all need to tame expectations a tad on the BFS. Lets...

Think we all need to tame expectations a tad on the BFS. Lets just remember that the Cantor report was modelled out at 10mtpa and probably had AVZ input. That had an NPV valuing AVZ at around $1 a share.

A BFS takes into account a long term view on pricing and IMO will likely be $1,000-$1250 USD a tonne. Yes it sounds low but its over the long term and factoring more mines starting and also recycling of Lithium.

I think the key catalysts for me are:

- Hydroxide plant plants.
- Additional PLS plants
- Tin Mining starting earlier than expected.
- DRC battery plant
- Carriere de Leste JV
- Extra ownership %

I see $1.50-2 being achievable in the near term, Cantors report(sensitivity table) at a $1250 SC price had us valued at $1.50 so i see that as a reasonable target in the near term. But in the current global stock market client i dont expect AVZ to fly from a $4bn - $10bn company in a not overly bullish market.

For AVZ to show a $10bn NPV and justify a quick run to $2.50 would be almost impossible unless you use very high pricing, also that would mean (based on current ownership) that Manono (Dathcom) would be valued at $20bn!

Happy to be wrong, just have lowered my expectations at the moment.