I agree with your points regarding the JVs with JOGMEC. That was a good decision considering the times and it provides leverage to fund multiple projects (i.e. drill Premontorio, Cascada and Risco Dorado and other prospects with Azure's funds and have another party fund a potential company maker in La Tortuga).
However, management needs to be more proactive when they uncover a MASSIVE SULPHIDE INTERCEPT that extends OVER 11 METRES at a GRADE ABOVE 10% CuEq. They released this outstanding Cascada result on 19 Feb and have not yet announced a subsequent drilling program at this prospect. This should be on the forefront of their priorities.
At Sirius, management discovered a similar style intercept of NICKEL and followed it up immediately, eventually proving up a massive deposit at Nova and discovering a potentially larger deposit at Bollinger. Their share price is over 80 times the original price pre drill hole discovery of NICKEL at Nova.
I like to compare companies against Sirius, because their management's approach has lead to unbelievable returns for some lucky holders (unfortunately not me).
Through extensive drilling, Sirius proved up a profitable high-grade nickel deposit and had no troubles raising capital. Investors couldn't wait to fund their Nova project.
To experience the greatest possible success, Azure should keep drilling at Cascada as soon as it possible to generate interest from shareholders and future funders. Based on results to date, there is so much potential at this prospect.
These are my views. Please supplement with your own research before relying on them.
AZS Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
