4ce is an interesting prospect, there is risk there no doubt, but as terms of a nearologly play I think its currently the best lithium one on the ASX on terms of the scale and sheer size of what their ground may hold.
AVZ have the best known lithium intersections in the world, are about to begin drilling to prove up a over billion tonne resource, its really mind boggling the size and scale of it all, not forgetting many Chinese company's have invested in other plays in the DRC.
I don't think AVZ will ever mine their land but are a prime takeover target that could be worth a staggering amount of money in a hot lithium bull market.
so we have a few possible scenarios that will re rate 4ce
- a large takeover bid for AVZ would give 4ce a massive SP boost given some of their land is only km's away from AVZ
- AVZ prove up a over billion tonne resource their MC may double from this but I think 4ce MC may x4 from current levels
- 4ce drill their own ground and have simular hits to that of avz, then its really blue sky potential for them and will become a Chinese takeover target imo.
4CE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
