Advantage Lithium Corp AVLIF

RE:Opinions on a good buy in price

[tobesucht]

Hi Burch71, I am invested in AAL since 11.2016. I do not think that we will see prices under a buck anymore. I was buying additional shares in the last days around 1.07$. 1.05$ was the bottom during the consolidation in the recent months. I expect that some traders will jump in soon before the train will leave the station. This will likely happen in the next 1-3 weeks.

Based on recent buy out prices and valuations of other companies I am currently calculating the future value of an AAL share with the following formula: 1 million tons of lithium carbonate equivalent translates to ~90cent. So the market is currently valuating all of their the assets with 1.2 million tons LCE. It is (from my POV) more than likely that the updated RE of the SE sector shows more than 2 million tons LCE (maybe even 2.5) whereby the NW sector may not even be contained in the RE. That means that I expect an additional RE later this year which contains also NW and the recently discovered deeper resource body. But this is just speculation based on some CEO comments. Another triple of the share price in 2018 is not out of the cards in my view.