Both the company and some poster should take responsibility for people who bought between 6-8c.
I never see drama like AVQ thread at hotcopper, clearly misleading and fooling but not many people doubt.
Look what the irresponsible post"
"World largest Nickle mining project"
"60 Billion project"
"120 billion project"
"near surface project"
What the fact?
1, As for the so-called "159m at 1% Ni", Even if it is, AVQ only own 48% of it, (the lease as Takata, 60% in Takata, owner 20% so it's 60%* 80%= 48% only)
2, "159m at 1% Ni", itself, is a big joke. The company removed the so-called report, just say NON JORC. IMV, it's totally no basis and concept only.
3, Quality is doubtable. 27--40% FE MEANS VERY VERY HIGH LEACHING COST.
4, How the company know 60% of the resourse in its lease, not 40%, 20%?? --totally no idea.
5, Recoverable rate is totally unknow. 1% grade actually is low grade for Ni ore, so Recoverable rate is the most important factor for the future development. Normally the recoverable rate is at 50%, considering the high Fe%, may be the actually rate is much lower than 50%.
6, Obviously, AVQ will take many years to verify its reserve, by inevitable massive Capital Raising.
stop misleading plz !
AVQ Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
