Originally posted by Obe wan
Originally posted by scombley
H00ts this copied from 8horse earlier post
"AVZ is raising up to $15m.
If 5 day VWAP just before the issue date were: 5c, new shares would be: $15m / (5c * 80%) =
375m shares @ 4c/share.
If VWAP: 4.5c, new shares would be: $15m / (4.5c * 80%) =
416m shares @ 3.6c/share.
If VWAP: 4c, new shares would be: $15m / (4c * 80%) =
468m shares @ 3.2c/share.
.
’potentially’ / ‘up to’ $15m
most likely going to be $10m fwiw
’Actually’ the world largest hard rock lithium resource.
’potentially’ 1 billion tonne , but ‘probably’ ‘up to’ 1.5billion
tonne and has a market cap at present under $100m.
averaging grades of 1.6% ; better tonnage and grades ( excl Greenbushes on grade ) than any hard rock resource currently found on the planet including the mighty $1.2B MC PLS ;which it dwarfs in grade and tonnage.
funny how all the ‘not helds’ / ‘sell’ posters forget about all the other highly probable / potential / current factual figures
Obe the issue is getting it out and on a ship. It does not matter how much is in the ground. the size of the mine and shipping all year round is what matters. (having a resource 10 times bigger only has an impact if your mine is 10 times bigger
. As long as the market thinks there is oversupply already this wont be developed, hence the MC of $100m. AIMO.
