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78.0¢ avz minerals limited

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Has15

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09/04/18

08:56

Post #: 32308285
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Originally posted by Cosmoterios ↑

Its you who should do a bit more reading and research.

Here is the full quote:

“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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yes, we are on Phase 1 JORC, which roughly fits along that timeline. Phase 2 is a separate entity and is referred as the "potential" in that statement. As of right now, Avz median intercept is 283m, Pilbara is 7m. Avz pegmatite is also proving to be homogenous and so far proving a much larger strike length.

In order for the estimate to drop to 25%, logic would suggest we see bad intercepts. We are seeing the opposite

AVZ Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
24 Upvote

0 Great analysis

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