Time to top-up, page-3

Following table provides some indication of the value of four lithium companies:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Stock	Market Cap(M$)	Resource Size(Mt)	Li2O(%)	Li2O(t)	Market Capper Mt Lithium
1	PLS	1,600	156.3	1.25	1,953,750	819
2	AJM	673	44.1	1.00	441,000	1526
3	SYA	83	20.46	1.02	208,692	398
4	AVZ	308	300	1.02	3,060,000	101

First, I like to mention that I am aware that PLS and AJM are close to production and SYA finished DFS. I am also aware that production cost is not included in the analysis. However, the unit rate production cost for AVZ should be equal to or lower than the other companies as the resource size is much bigger.

Based on the table, assuming the resource size for AVZ is only 300 Mt (it is high likely well above this size), the market cap per lithium size in AVZ is very below the other lithium companies. For example, market cap per lithium size for AVZ is roughlt 25% of SYA.

Considering the above points, I think AVZ is simply half price and worth simply about 40c.

Please do not sell your share cheap while you know it worth much more. See for example in the last 2-3 days, the shorters pushed the share price down to 16c and then pushed it up to 19c and hence so many shareholders were played and simply scared and sold their shares cheap to shorters.