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12:23
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Originally posted by mistie
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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.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) BGS 20/9/2017 $90M @ 46.5c fps (194M fps, $6M cash) ~$199t AVZ 20/9/2017 $190M @ 11c fps (1,722M fps, $13M cash) B of Env lower resource 656Mt @ 1.5% 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 … The stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.
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Actually BGS holders were having a laugh about EV comparisons a couple of days ago. The thread was called 'having a laugh' I believe.
