Q: Have you asked Huayou if they intend to exercise their options in May (even at the current sp) to continue supporting the Company?
A: If they don’t exercise them they will lapse and they will lose them
Q: My question was have you asked them if they intend to exercise their options in May?
A: We believe they will exercise them and that will give the Company an additional $18million. I did mention earlier on that Huayou wanted to start mining after we drilled the first 8 holes!
Nigel also mentioned the proposed timeline for the next 12 months which included a full feasibility study by Q2 19, engaging with off take partners (Chinese & others), locking in a logistics solution which may be a direct line to Tanzania and a few other items. All of this will be posted on the AVZ website soon.
ALL IMO
AVZ Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held