Getting close to crunch time now. Long awaited JORC Catalyst on the horizon. News should come any time this week. Window narrowing to be onboard ‘pre’ news.
Lets see if we get that 2017 mojo back where this stock polled as the biggest percentage gainer of the year.
Back of envelope scale of project (~1 billion tonnes 'potentially') x5-10 times other comparable significant/commercial projects. Not referring to JORC specifically but known and publically available information.
Seeing more traders getting set. Breaking upwards to higher highs and higher lows. Green is the colour on the screen. TA and FA together should see AVZ getting ready to 'continue' a more major run. If you bought 1 month ago at 8.5c you would be up 60% on that. Maybe a spike and blow off top in short term? Who knows.
FA guys will tell you its just the tip of the iceberg for 'bigger' things. Until the sector turns overtly positive again as a whole big and fast gains we saw the last few years, may not come. Trends changes in Lithium every 6-12 months have been common the past few years. The current rise has been cautious. Steady and methodical (5-10% a day) is fine with me. IMO true value is way higher than $200m and we've been there before.
First 20+ holes assayed could hardly have been better. Spectacular lengths. Continuous 200-300m hits of Lithium, unheard of. High grades a commercially premium 1.5%+. and oh that consistency drill after drill. Rinse and repeat. World leading size/grade resource in the making. Drill bit is proving whats on paper.
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I recall 2017 the upward trend occurred very systemically in steps. Watching that pendulum swing. Knowing how the pendulum swings and catching it at the right time. Not letting it be a wrecking ball to the bank account. Key to survival and success in the market IMO. Can take years to realise, and many an old hand will have learned the hard way at some stage. Either that or been very lucky.
If you haven’t seen the project, google earth can take you there. Via Chrome broswer using 3D mode you can zoom in, move over the terrain and imagine you are in a chopper or twin engine. A birds eye view on how big this project really is.
Google Earth Manono
The clock is about the strike 12 for JORC day. Good luck all. IMO AVZ will be one to watch in coming weeks to months.
