Firstly, a conservative back of the envelope type resource...

Firstly, a conservative back of the envelope type resource calculation can be calculated for the Manono Project based on the data provided to date, being mapping, trenches, seven AVZ diamond drill holes and +70 years of mining.

B of Env, lower resource ~656Mt @ 1.5% Li2O for ~9.8Mt contained Li2O, AVZ company conceptual resource target is 1.0 – 1.2Bt @ 1.5% Li2O for ~ 15Mt contained Li2O)

Secondly, a market value comparison can be made with a fellow African peer more so than the higher value Australian explorers/near producers to some degree by calculating EV values per resource Li2O tonne.

BGS 20/9/2017
Mcap $90M @ 46.5c fps (194M fps, $6M cash)
Goulamina - Mali Ind/Inf resource 32.9Mt @ 1.37% Li2O
BGS EV value per resource Li2O tonne (~451,000t contained Li2O) = ~$199t

AVZ 20/9/2017
Mcap $190M @ 11c fps (1,722M fps, $13M cash)
Manono - DRC (KDR 60%) B of Env lower resource 656Mt @ 1.5% Li2O
AVZ EV value per resource Li2O tonne (60% of ~9.8Mt contained Li2O) = ~$32t current

AVZ @ BGS $199t Li2O = $1174M mcap or 72c fps per share potential within the March 2018 qtr or when a JORC compliant resource is released to the market.

Either BGS is overvalued, AVZ is a screaming buy or both are undervalued in comparison to their Australian peers. Time is on my side, hope this helps some ... Bye …

……………………………………………………………………………………………………
AJM EV value per resource Li2O tonne ~$865t
PLS ~$435t LiO2
KDR ~$332t LiO2
The stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.
~ Warren Buffett