Advantage Lithium Corp AVLIF

Metals & Mining Industrial Metals & Minerals

Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein. Its projects include Cauchari; Incahuasi; Guyatayoc; Antofalla; and Clayton.

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Advantage Lithium Corp > Cantor Fitzgerald Canada: Buy rating & $1.50 target for AAL

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Comment by JMark80on Aug 16, 2018 4:13pm

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Post# 28474258

RE:Cantor Fitzgerald Canada: Buy rating & $1.50 target for AAL

I agree that their applied lithium price of $14k/tonne is a bit aggressive. Their capex is reasonable, since it includes a 25% contingency of direct costs. I believe LAC has a similar sulphate to lithium ratio as the NW and deep sand unit, and their opex is $2500. I think once they add more resource from the dsu (1.4 - 3 tonnes), and prove up the resource in the NW the opex will be very similar.

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Gold, growth and sustainability in focus for Mandalay Resources