Originally posted by Super yacht
if they (the bod) had any cream let alone cherries to put on the pie (in my view), they would have done it long before now, as I would think most SH have already voted and probably voted NO!
The company have tried everything to get this stock off the canvas and have failed miserably even with their favourite son (our spruker) in their cnr, they can't break its low SP range.
Given the great positives almost luxury specs/metrics compared to many of its peers they have had to work with in promoting this stock, there failure to get the SP to lift is in my view all the more damning, it indicates to me, that they are complete passengers like the rest of us who are invested in this space.
I apologise for the brutal honesty on a Friday afternoon, Iets hope over the coming weeks they can do a better job getting the SP going UP!
Spot on, traction perhaps after theelection!!!
Updated peer EV/Resource spodumenecomparisons below after the announcement of the pending Albemarle’s 50%purchase of the Mineral Resources Wodgina Lithium Project in WA and AVZ’s ManonoLithium Project becoming the officially the largest Tier 1 hard rock lithiumJORC deposit in the World (>15% of World JORC calculated resources,currently).
Again, just another value to theoverall transparent light table to take into consideration, that’s all, nothingmore nothing less.
MIN 22/11/2018
Mcap $2,963M @$15.76 fps (188M fps)
Wodgina Ind/Inf res 259.2Mt @ 1.17% Li2O (Prov/Prob res 151.9Mt@ 1.17% Li2O 160ppm Ta2O5)
Albemarle purchasing 50% of Wodgina on an as is pre-productionbasis for Aus$1.59B
Wodgina value per res Li2O tonne (~3.03Mt contained Li2O) = ~$1,050t
TAW 23/11/2018
Mcap $164M @ 28.5cfps (578M fps, ~$11M cash, $16.2M debt)
Bald Hill (50%)Ind/Inf resource 26.5Mt @ 0.96% Li2O (Prov/Prob reserve 11.3Mt @ 1.01% Li2O 160ppmTa2O5)
TAW value per resourceLi2O tonne (50% of ~0.255Mt contained Li2O) = ~$1,286t
AJM 23/11/2018
Mcap $382M @ 21c fps (1820M fps, ~$10M cash, $173M debt)
Pilgangoora Meas/Ind/Inf res 50.5Mt @ 1.01% Li2O (Prov/Prob res 41.1Mt@ 1.05% Li2O)
AJM value per res Li2O tonne (~0.512Mt contained Li2O) = ~$746t
PLS 23/11/2018
Mcap $1,456M @ 83.5c fps (1744M fps, ~$90M cash, $138.5M debt)
Pilgangoora Meas/Ind/Inf res 226Mt @ 1.27% Li2O (Prov/Prob res 108.2Mt@ 1.25% Li2O 120ppm Ta2O5)
PLS value per res Li2O tonne (~2.86Mt contained Li2O) = ~$509t
KDR 23/11/2018
Mcap $511M @ $1.28 fps (398M fps, $7.9M cash, $106M fundsfor mine development + $40M cash
upon SQM deal beingexecuted/conditions ticked, no debt)
Mt Holland (50%) Meas/Ind/Inf res 189Mt @ 1.5% Li2O + Au (KDR100%) Meas/Inf res >1M ozs
KDR value per res Li2O tonne (50% of ~2.83Mt contained Li2O) = ~$361t
BGS 23/11/2018
Mcap $47M @ 20c fps (234M fps, $2.3M cash, capital raising due)
Goulamina, Mali (90%) Ind/Inf res 103.2Mt @ 1.34% Li2O (Prob res31.2Mt @ 1.56% Li2O)
BGS value per res Li2O tonne (90% of ~1.39Mt contained Li2O) = ~$38t
PSC 23/11/2018
Mcap $49M @ 2.4c fps (2,046M fps,$12M cash)
Arcadia, Zimbabwe Meas/Ind/Inf res 43.2Mt@ 1.41% Li2O (Prob res 26.9Mt @ 1.31% Li2O 128ppm Ta2O5)
PSC value per res Li2O tonne (87% of ~0.609Mtcontained Li2O) = ~$92t
AVZ 23/11/2018
Mcap $147M @ 7.8c fps (1,888M fps, $6.5Mcash, no offtake agreements)
Manono Global, DRC (AVZ 60%) B of Env lower resource 656Mt @>1.5% Li2O >900ppm Sn
AVZ value per res Li2O tonne (60% of ~9.8Mt contained Li2O) = ~$25t,prev $31t (02/10/18)
ManonoRoche Dure Peg, DRC (AVZ 60%) Meas/Indi/Inf res 259.9Mt @ >1.63% Li2O 844ppm Sn
AVZ value per res Li2O tonne (60% of ~4.25Mt contained Li2O) = ~$58t
Based on a peer on peer’s resourcesector EV comparison AVZ (post JORC resource) is still extraordinarilyundervalued, nothing more to say but … Bye …
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Top Ten Tier-1 Hardrock Lithium Projects
“The two highestgrade in the world — as well as the largest hard-rock projects — areGreenbushes in Western Australia and AVZ’s Manono. The Greenbushes pit is nowmore than 500m deep whereas AVZ is at surface — and has tin as a by-productcredit.” *, 11th September 2018
