Short Term Trading Week Starting: 04 Jan, page-117

PSC - Prospect. Lithium project. Africa
17.5c
Market Cap $55m
CASH $7m

Fully Permitted MIne
2 Large offtakes (1 is the largest Petalite offtake in the world with Sibelco/ Germany)
The other is with Chinese Sinomine who has also taken $10m stock in the business as well as a Spodumene offtake as well as offered US$10m cash once ball mill installed..
MOU with Uranium One (Russians) for rest or possible Takeover.
DFS complete.
7th largest hard rock lithium asset globally.
Building pilot plant currently.

EV $48m !!!
No Debt
No options overhang
Low SOI 332m

so every 1c = only $3.3m cap increase.
vs AVZ fully diluted 1c = $30m cap increase!!
AVZ Cap $500m

Now, there was an amazing effort by elphamale to show AVZ will be the lowest cost Spodumene producer in the world.
Assumption was $371 pt with a possible extra $100 pt Tin credits, giving an assumed $271 pt (with TIN at current prices)

very Interesting!
Great post 372 thumbs!

here: https://hotcopper.com.au/threads/avz-future-world-no-1-lowest-cost-sc6-producer.5844635/?post_id=49963859

and now see this, PSC with Petalite credits (which already has 100% offtake!) - worlds largest. at 700,000 Tonnes.

and also then keep in mind, since the PSC DFS 2019 upgrade Prospect has nearly DOUBLED the petalite recoveries.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02258128-2SIQ7K27VT07G116FVI1RQ5PIM/pdf?access_token=3bKDkvnQWdLY7Gkk1uvJttSrtKIr

So Who has the lowest cost Spodumene in the world?......with credits?....NO one will come close to PSC at $14......which has just only got better in 2020.




I'll let you decide the valuation divide between AVZ and PSC but is it HUGE.

Disc: I hold 985k PSC from 12c.