Bang on with that.
Many are ripping you (and rightly so in some cases, you're being a little condescending) although it's them with the blinkers on. It doesn't matter if the company has a brilliant plan, the macro environment will determine what happens.
Yes, I've seen it before too. Pioneer (PIO) had a great nickel deposit with a plan and everything else to get into production... they just needed finance... unfortunately, the macro environment (nickel price) wasn't favourable and the entire thing has sat on the shelf collecting dust... a great deposit and potential mine for sure... just no finance. Similar thing looks like it's happening here, what's needed is a change to the macro-economic environment... aka an Elon Musk moment.
I'm not sure that we will get our musk moment as coal is king... I couldn't care less what those green masturbators in Melbourne think, they're retarded morons with absolutely no idea what they're talking about when it comes to "renewable" energy. I'd seriously love to see VRFBs take off, although, the cost of coal is whatever it costs to send the nearest queue jumping, fake refugee seeking, boaty down the pit to cart black chunks of coal out on their back... and coal is ultimately what VRFBs are competing against.
How low can this go? I did mention 0.7c yesterday, which values AVL at around $10m... which, considering the amount of exploration and feasibility work performed to date, places 0.7c fairly in the ball park. Will it get there? Only time will tell. I do believe in this deposit and the feasibility study looks very, very thorough. Despite this, it's the macro environment that will ultimately determine when Gabanintha gets mined...
I'm happy to wait for 0.7c to arrive and start buying in bulk then. This is definitely a long term play.
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Bang on with that. Many are ripping you (and rightly so in some...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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8 | 2387728 | 0.017 |
8 | 2791875 | 0.016 |
11 | 2263500 | 0.015 |
2 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 862281 | 2 |
0.020 | 404607 | 6 |
0.021 | 598625 | 6 |
0.022 | 1380000 | 5 |
0.023 | 2654010 | 7 |
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