I hold several lithium socks , they are all at various stages in their development, some have proven up a substantial resource others are adding to their tonnage. Their road to success has been very testing and some are still facing several challenges. Lithium stocks are definitely not for the faint-hearted . ADV as a company has ticked many boxes for me and there are many positives. Management have been proactive in securing access to rail, securing additional tenements, adding professional lithium experts to staff , raising capital to fund programs and maintaining agreements with Yantai and the indigenous community. All this while expanding our drilling program. These are not the actions of an incompetent/ disinterested management as some posters would have us believe. They are laying down the pathway for ADV to become a miner/producer. They have plenty of skin in the game and are loosing money (on paper) like the rest of us.
The resource stands at 1.23 mt as of OCT 2017 , that was over a year ago and a resource upgrade is assured with intercepts to date. The drill bit has not found the " mother-load" yet, but they are constantly hitting very high grade spodumene and are funded to drill for at least the next 4 or 5 Quarters. So ignore the people with obvious agendas , some even seem to have personal issues with management and have plagued ADV's threads with constant negativity. It is true that as we stand we do not have a resource that is viable , somewhere between 5 and 10 mts would be enough to get us rolling. This can be achieved with just one set of drill results, simple as that. One major intercept and ADV will fly. Management have already multiple targets identified and drilling will be ongoing.
So as I have said on numerous occasions, hard to pass ADV at these levels.
All imo and DYOR
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