Ann: Trading Halt, page-166

'Or you could have used some common sense and realised that he meant to say gold trades $35bn per day '...…..

Fair enough, but if he's using numbers to state 'facts' then perhaps he should take the time to proof read his work.

'So Li market grows $28bn over the next 6 years. That's literally 0.2% growth for gold over 6 years to be equal dollar value. Highly likely that happens.'...…….

You're taking the p*ss right? Apart from those who like to beat their chests, who cares about industry dollar value comparisons? Astute investors tend to seek out quality assets within growing industries in order to achieve the highest % returns on their investments. i.e. would you rather be invested in an industry that's growing at 0.2% CAGR, or 20% CAGR in the case of Lithium?

'Why is it useless to compare the two. If you have a Li project and an Au project and the Au project has better fundamentals and SP growth potential why would you put money in the Li project?'...…..

Esh chose to compare the Gold and Lithium markets, not specific projects. However if you're wanting to compare one stock vs another with different products, then why not create a massive spreadsheet comparing all companies listed on the stock exchange? In the case of all mining project developers, a project IRR might be one of a few useful measurements if one was undecided as to which project to invest in.

AVZ's IRR for a 5mtpa operation is likely to be well in excess of 100%, given the 2mtpa findings. Is there any ASX listed gold project (or indeed any other commodity project) currently in development that can boast a similar IRR or better?