This SP will never go to 4.5 in my opinion. This is wishful thinking of those that perhaps sold around 12- 13 and want the lowest they can to get back in.
Too many catalysts in my opinion! Also, a line in the sand announcement could come at anytime. e.g.
'We have completed enough holes for JORC!'
Next results must be close, considering this statement on the 30th of May:
'Samples from holes MO18DD006, MO18DD007 and MO18DD008 are at Perth ALS Laboratory, with holes MO18DD009 to MO18DD014 expected by next week.'
go HERE
Tomorrow?
Now considering we got holes 10 and 11, last Monday 9,12,13,14 must be imminent.
What is pleasing is the company trying to quicken up the processes. Therefore I am expecting more regular results during the drilling phase.
'As stated in the ASX release dated 30 May 2018, drilling is progressing well, with about 60% of the planned drilling completed. All bottlenecks for assay flow have now been remedied and further assay results are anticipated soon. The market will be kept up-to-date as soon as results have been interpreted and validated.' go HERE
The company also seem committed in getting their maiden JORC in July.
AVZ’s Managing Director, Nigel Ferguson, commented:
“These ongoing mineral resource drilling results demonstrate the consistency in width through this zone at Roche Dure and the high-grade nature of lithium mineralisation and associated tin grades. We are committed to completing initial drilling on the Roche Dure pegmatite to allow a maiden Mineral Resource, compliant with 2012 JORC code, to be calculated in July.” go HERE
Mr Ferguson added,
'the initial resource will likely be a
HEALTHY PORTION of that target'; and therefore a large initial JORC can be expected! A SIZEABLE JORC could be the catalyst to the SP, the green light to big investment entities, companies(TO/JV/Offtake) and institutions to make a move! go HERE
and will be 'followed up with a BIGGER RESOURCE about three months later, once the entire 20,000m drilling program has been completed.'
AIMO
