Post from stockhouse board.
I am a shareholder in AVL. AVL isn’t a Ta company. It has excellent Ta prospects but it’s more
than Tantalum. Lets tell the AVL story first, these men and women [AVL] have earned it.
I started posting as it appeared clear that Blair Naughty couldn’t find his a$$ with both hands. I
suspect I was wrong, he must have his thumbs somewhere, although I’m sure he doesn't know
where.
It’s a dam shame he was hired. I’ve come to respect the AVL folk, IMO they don’t deserve to be
ignored. I and most of the people I know, have at one time or another hired the wrong guy. Life
sucks when it happens, but it happens.
This company is one of the most active and most invisible in the country. So Vic lets tell the AVL
story, here. There is plenty to talk about.
I’m not a geo, so I make a goodly share of errors, but I try. Although I am fatigued like other
investors, I believe it’s a matter of time before the dedication of the AVL people and their growing
positive results make a difference. They've earned their own thread.
IMO, I don't see where we gain by knowing about barely connected grassroots pig farms raising
money for exploration,100 miles west of the Belcher Islands
AVL is managing shareholder’s money like it was their own. They’re stretching a buck and doing
mighty work. They are earning a place in the sun, but the share price doesn’t show it – especially
when flow-through shares come out.
IMO tantalum should be discussed on its own board. Suggesting that AVL is the Tantalum board is
feeble. Put the word out and provide a link.
I honestly don’t think people know what this company is doing so I put this summary together. For
everyone’s sake, if you see an error, please make it known. I try to keep my mistakes down to one
a day, but I make more.
- 115,000 acres of properties covering Rare Metals like Lithium, Tantalum, Cesium, Rubidium,
PGEs, Gold and assorted Copper, Nickel etc properties. Four of the properties that are advancing
have “company builder” potential - FOUR
- Additional properties are being evaluated for acquisition typically in the core rare metals/ PGE
asset groups. I’m sure you’ll hear more on that in the near future.
- The 2001 exploration budget is well in excess of $2.0 Million
- Avalon is active on five properties TODAY – Separation Rapids, Legris Lake, LilyPad Lakes,
Raleigh Lakes and Wolf Mountain through partners CGG and EWR. In addition they advanced East
Braintree within the last six months. NOTE: I define active when they are spending money.
- Exploration Alliances have been struck with Placer Dome and Global/ Vishay. Both of these are
large senior companies with deep pockets.
- Placer Dome has an INTERNAL mine engineering department and has established a strategic
relationship with Avalon for Industrial minerals. See note above on property evaluations.
- Placer Dome purchased stock in Avalon at prices above market. This equity purchase replenished
the AVL ‘kitty’
- Placer wanted and was granted Board representation
- Separation Rapids,100% owned by AVL, is an advanced project with a positive pre-feasibility
study [beaten without mercy in a post-BreX environment and still standing]. It is advancing much
quicker as of late and financing appears to be imminent.
- The Separation Rapids deposit is one of the three largest in the world and its Lithium concentrate
is the purest in the world
- Separation rapids pre-feas included below market Li and Ta credits. A recently completed drill
program will allow the company to recalculate project economics. Everything being equal risk will
diminish as prices have increased and the deposit isn’t getting smaller.
- On the Ta front, Global/ Vishay has committed $5.0 Million to the exploration of three properties –
Lily Pad, East Braintree and Raleigh Lake. Approximately $2.0 Million has been spent to date.
- The Lily Pad Tantalum property [100% owned by AVL – subject to earn-in] has enormous
potential. With only 10 holes drilled about 1,000,000 tonnes @ 0.75 lbs Ta per tonne have been
delineated. None of the holes have missed. It is open in 3D. Grade is increasing with depth. Widths
are increasing with depth and the tests they have done, point to a potential ore body larger than
ANY Ta mine in the world
- NOTE : The Lily Pad resource calc I posted earlier apparently had some errors
stockhouse.ca
These calcs are for the RUBELLITE DYKE only. The POLLUCITE DYKE boosts the numbers by
approximately 25%. This seems like a pretty good start.
- The Legris Lake PGE property [50% AVL plus earn-in] is a 12,680 acre property which shares a
COMMON border with North American Paladium’s property containing the Lac des Iles mine. It
hosts similar geology and has returned encouraging results after a small work program
- Placer Dome joined AVL and partner SOE in an exploration JV of the Legris property. They are
spending money on it now.
- The Wolf Mountain PGE project [40% AVL after earn-in by EWR and CGG] is identified by some,
vicsmith3, as one of the most significant PGE mining prospects in the country. It has the potential
to be a major discovery. People are talking scales like Voisey’s Bay or Noril’sk
- In the shadow of Lily Pad they are working on Raleigh Lake, another Ta prospect and East
Braintree which returned very encouraging results after a work program which including drilling
earlier this year.
$0.50??????? I believe the numbers say that Separation rapids will earn more than that per share
annually, even on a worst case equity financing.
Regards,
ahr |
