Roller62
Regular
I don't believe the MOM is the culprit. I believe there are a few that are in on it including this guy.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
I don't believe the MOM is the culprit. I believe there are a few that are in on it including this guy.
The Fox
Regular
TDITD
Top 20
Ok is Manono mentioned directly here ? creation of a mine that will go on to be the worlds largest and form the worlds largest mining company ?
Also is that Marios surname or is he telling us what he is doing ?
Carlos Danger
Top 20
The thing that gets me is why did we trade for 3 days after the Ministerial Decree announcement before going into suspension. We were in trading halt from Monday May 2nd until the decree was announced to market on Wednesday May 4th so surely the company had time to review the decree and match it up to the mining code before putting out the news. We then traded until close on Friday May 6th before suspension started the week after.
The announcement about the Ministerial Decree on May 4th 2022 (link and screenshots below) specifically mentions that 'the Mining License covers the entirety of the Roche Dure JORC and Mineral Resource and Reserve and the Carriere de l'Este exploration target'. It then mentions an area to the north being excluded that will need to be renewed under a 5-year Permit de Research with discussions regarding the terms of the ongoing joint venture agreement with the DRC government to be finialised in the near future.
The Mining License Update on July 15th 2022 makes no mention of the northern area being disputed by AVZ and the Quarterly Activities on July 29th 2022 (information includes up to June 30th 2022) says the same thing as the May 4th 2022 announcement (links and screenshots below). Both announcements by the company that have mentioned this matter say the area to the north is subject to discussions with the DRC government about the terms of a joint venture agreement.
So it would seem that Carriere de l'Este is included in the licence in some capacity. I'm unsure as to exactly where the exploration target cut off point is but management seemed happy enough with this at first and haven't publicly disputed it. I vaguely remember something someone said about it being up to the last drilling hole we did in CDL but I'm not sure if that's accurate. The company in the May 4th 2022 and July 29th 2022 announcements say to refer to the August 16th 2021 announcement about Carriere de l'Este drill results (link and screenshots below).
Someone here mentioned (can't remember who sorry) last week when I brought this up that it was possibly only after review by AVZ's lawyers that the company realised that we should be disputing the area to the north being cut off but I would really hope that they were across that before announcing the Ministerial Decree to the market. That seems the most logical explanation that I've heard but it would be a major fuck up of due diligence by the company if that's what has happened.
Would it really take 4 months and counting to have our and the governments lawyers review the mining code to work out area zoning?
Especially considering management seem happy enough saying the area to the north is not included in the licence and the terms of a joint venture for a 5-year Permit de Research renewal is under discussion with the DRC government?
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We got Fox's , Nellies and Obe wan's predictions coming up . I'm not saying it to be a smarty pants . I'm hoping they are on the money . Fox working with Deboss gives it a little more cred as well . Must be close now .Thank you mate I appreciate that, thanks. Avz has been testing and that is just the announcements or lack thereof and the uncertainty, let alone the bottom dwellers on literally every social media out there feeding off of the uncertainty out there making our lives just that bit harder.
Jesus if I didnt 'joke' about it I'd be in an asylum (jurys out on that anyhow). I think once this shit show is sorted out we all need to treat ourselves to some ice cold beer, a few shots and of course those nicely cut lines
Hope everyone is all good, an FFS if it is bad, an I mean bad please go and talk to someone.
obe wan
Regular
SEZ highly likely to be the weighted trailer; 2nd gear and running on a rim, should magically cross the line about the same
Sorry mate I'm a bit of a dunce . Can't quite decipher this one . Could break this down for me please ? cheersSEZ highly likely to be the weighted trailer; 2nd gear and running on a rim, should magically cross the line about the same
Frank
Top 20
To add, I see where,
Another battery metals bull run sends lithium superpowers to record highs
Lithium companies, battered and bruised after Goldman Sachs sent investors running for the hills in May with a bearish prediction of a price crash, are back on top of their games.Pilbara Minerals has risen an astonishing 47.52% over the past month to a new all time high today of $4.78.
That gives the miner a market cap of over $14 billion, outpacing every gold miner on the ASX barring Newcrest.
PLS wasn’t the only lithium miner picking up tailwinds today.
Allkem rose almost 3% to $15.99, another record taking its MC beyond the $10 billion mark.
MinRes also crossed the $14 billion MC milestone, with its shares up 1.77% to $74.38, while $11 billion IGO was up 2.39%.
A host of mid-tier battery metals stocks also reported big gains.
News of MinRes’ proposed spinoff of its lithium assets into a separate New York listed company has sent brokers rushing to update their price decks for lithium.
Investment bankers Barrenjoey upgraded their lithium price predictions by between 36 and 86% for 2023 and 2024, upgrading their price targets on IGO and MinRes from $13.50 to $15.50 and $67 to $77, respectively.
Fastmarkets’ assessed lithium hydroxide and lithium carbonate prices continue to edge higher, assessed at US$77/kg and US$73.5/kg respectively overnight, up from around US$40,000/t at the end of 2021.
We need ‘+330 mines in 12 years’ to feed battery demand.
We need over 300 new mines to feed a 500% increase in battery demand by 2035, Benchmark Mineral Intelligence predicts.At least 384 new graphite, lithium, nickel, and cobalt mines are needed in the next 12 years, which drops to an almost-as-unwieldy 336 if recycling of raw materials is factored in.
A very tough ask, for several reasons.
One – the chance of finding an economic mineral deposit in the first place is frightfully small.
There are many thousands of listed and unlisted exploration companies globally, and yet probably only 25 bona fide discoveries are made per year, famous resources sector investor Rick Rule says.
“Only one in 3000 mineralised anomalies becomes a mine,” he says.
Two – it takes a long time to build a mine from scratch.
Minrex Consulting managing director Richard Schodde estimated an average delay between discovery and development of 12.4 years, based on data for 4676 significant non-bulk mineral discoveries made in the world since 1950.
That lead time is getting worse, he says.
“Depending on the commodity, only 50-70% (by number) and 60-80% (by contained metal) of discoveries turn into mines, and the average delay period has blown out to ~20 years,” Schodde said in 2017.
“In other words, it is getting progressively harder and slower to turn a discovery into a mine.
“This has profound implications on the industry’s long-term ability to supply new metal to customers.”
Companies like Sandfire , which went from discovery hole to first copper production in just over three years at DeGrussa, are exceptions to the rule. Another would be Sirius, which took just 5five years to get the Nova nickel discovery into production.
There are many more reasons why that ‘+300-mines in 12 years’ target looks unlikely – like NIMBYism and jurisdictional risk — which puts those juniors with established resources and a clear plan to enter production in the next eight years in a very strong position.
“The data highlights the height of the raw material challenge facing global automakers as they look to scale up production of electric vehicles this decade,” Benchmark says.
Demand for lithium-ion batteries is set to grow six-fold by 2032.
Yet supplies of lithium, graphite, nickel, and cobalt will need to keep pace with demand, especially post 2030.
“While recycling of raw materials will have the most impact on future cobalt supply, it’s not yet set to have much impact on materials such as graphite.”
Today we look at a bunch of advanced ASX graphite, lithium, cobalt, and nickel project developers — plus a couple of recycling projects — which are first in line to feed Benchmark’s predicted shortfall.
Don’t be mad if your favourite stock is missing, just let us know. Nicely.
LITHIUM
To meet the world’s lithium requirements would require 74 new lithium mines with an average size of 45,000 tonnes by 2035, according to Benchmark.Effective recycling could pare that back to 59 mines at 45,000t LCE (lithium carbonate eq).
That is still a lot of LCE, especially considering many of the next crop of producers are starting small (~10,000t to 20,000t) and working their way up to half-century run rate after a few years on the tools.
We cover the next class of potential lithium producers a lot.
They include stocks like Core, Vulcan, Liontown, Sayona, Leo Lithium, Lake Resources and Piedmont, give or take a few.
But what happens beyond the next couple of years?
Yep, same
antimatter
Regular
I hope it's the tingle from imminent AVZ news and not the tingle down there from snorting some white powder on strippers titts.
D
Deleted member 1612
Guest
I got tingles reading that you have tingles because I trust your tingles are onto something…
oxxa23
Regular
That's just selfish...
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