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78.0¢ avz minerals limited

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Cosmoterios

18,528 Posts.

2621

09/04/18

08:21

Post #: 32307472
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Originally posted by upside_down ↑

Love this:

“We will have 300-400 million tonnes at around 1.5-1.6 per cent lithium oxide within the next four or five months, which will then be the biggest on the planet by three times more than Pilbara Minerals,” Mr Eckhof said.
“The potential is still there to go to 1 billion or 2 billion, but we probably don’t need to do that because people will be comfortable that it’s there, and then we probably can move the project forward with possibly some big Chinese investors down the track.”

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Its actually a climb down.

The original estimate was 1 Billion plus tonnes at average 1.5%. Now, its only a "potential" to go to 1 Billion plus tonnes.

Furthermore, the estimate is now 300-400 M tonnes at 1.5% to 1.6%, which is about 25% of the original estimate of 1 Billion plus tonnes at average of 1.5%.

AVZ Price at posting: 22.5¢ Sentiment: Sell Disclosure: Not Held
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