Not true for so many different reasons given that infrastructural costs alone at AVZ will require increasingly high CAPEX, hydro-electricity isn't going to cheap, nor will it be reliable (~300-400 MIL USD of CAPEX for starters). Just ask Glencore, it has had to import power a lot of time from Zambian power companies. This fact combined with the extremely high royalties that (~40%) that the Congo Nat'l mining company will want from revenues, will ensure that less is given back to the investors. We aren't even talking about the ethical concerns that will be risen from mining in the Congo. Offtakes that are non-Chinese will be challenging for AVZ to have, especially if all these companies have ethical options available. By that time, PLS will have approached steady-state high output production, and reached large scales of economy to far undercut any of its rivals.
Time will tell, I suppose.
PLS Price at posting:
84.8¢ Sentiment: Buy Disclosure: Held
(20min delay)