I posted the last few days around what needs to be done here. Grades are excellent no doubt. But an all in presentation is required. The Ann itself by talking transport options 2020 means mining won't happen, by inference, in the previously scheduled 2020 timeframe. AVZ need to present to the market the following:
1. Mine start date and AVZ role in the lithium story. Post #:
33320699
2. What scale, and that will depend on whether tin/tantulum credits will be part of stage 1.Post #:
33325571
3. Funding options, including equity for Offtake Agreements. Post #:
33455296
4. Strategy for development, i.e. partners etc etc
This Ann, again shows outstanding results, but the transport question, whilst about time they give some views puts a timeframe of 2018 to 2020 for completion, but I presume trucks can go on its surface before rehabilitation is complete. And that IMO would allow for the construction materials for mine to occur, possibly starting 2020?. To be frank the Ann again brings uncertainty around start date of mine hence what happened to SP after open.
I am now coming to the view that AVZ needs some new blood on the BOD who have the experience in taking something to mine, keeping market informed around timelines, achieving milestones etc. A plan to mining, all inclusive required, including when is JORC coming, when is DFS proposed, when is construction likely to start etc is required.
Again the resource is sensational, the mine plan is disjointed here hence the reaction in SP IMO.
All IMO IMO IMO
