Where to from here?, page-5

‘Avz will still be going for a TO imo. But only when the DFS is completed early/mid next year.’

unfortunately I disagree. Companies are very much risk adverse and obviously some more than others. There would have been a number of potentials that probably would have held out OR held to just before DFS to make a move before the rest of the pack; it’s not that diffcult for these billion dollar companies to run their own facts and figures; particularly if they have operations already in the country. AVZ don’t forget has now moved measured and Indicated Resources, up from 189.8Mt to 269.0 Mt grading 1.65% Li2O.

AVZ is no longer an exploration company ; what’s in the ground is very real. Transport figures ... personally I’m very sure that others already have figures for this sort to operation and when you are dealing with a 1.65% Li2O ore considering in comparison to the other subgrade dirtymix that others are trying to flog; I don’t think there would be a lack of customers for product from Manono.

There’s probably enough for the likes of Huayou and friends or others to move on once the met testing is done ; I don’t see them all waiting for DFS. Measured and Indicated Resources 270mt ; 1.65% Li2O; transport figures, Met testing will be enough.

HTO is the cheap way too fwiw; it ain’t a full blown TO ; it’s a routing out of the current management and gaining control; hence why imo a HTO, not a TO is looming