Some interesting observations re Erik Prince and CITIC.
Just joining a few more dots...
CITIC are familiar with the DRC, as they bought a 20% stake in Ivanhoe Mines last year through CITIC Metal Co. Cost was around USD 550 million.
Ivanhoe Mines have a couple of projects in the DRC:
• Kamoa-Kakula, which is one of the world's largest copper deposits
• Kipushi, which is a zinc/copper mine
Given they are already indirectly invested in the DRC, would CITIC also be interested in the world's largest hard rock lithium deposit?
Especially if they want to become a bigger player in the battery metals space.
AVZ Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
