AZS 0.00% $3.69 azure minerals limited

Ann: Quarterly Activities Report March 2019, page-14

  1. 30,334 Posts.
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    Lifegoeson I hear you and I'm a LT shareholder too.
    It depends on individual circumstances when your breakeven point and the target for return is reached.
    Sometimes people will try to test your breaking point, that's no fun.

    On mine life, yes it's relatively short but I'm looking at the revenue and comparative costs involved and the fast tracking of the mine.
    AZS looking to extend the resource at Oposura, so that's a good thing. Whether that would extend the mine life is unclear and I don't think you could expect an answer on that.
    If they do have to issue shares at any point before production (which I'm not expecting and certainly not hoping for) then surely they'd keep it to a minimum. They're in no doubt about what some LT holders like me think about that issue. It may be worth giving them a call but obviously they're limited with what they can say.

    Some figures were done a while ago on the economics of Oposura and these were reposted as links etc. A thread was dedicated to the topic.
    Nobody has really challenged those estimates with any credibility, which were based on a comparable mine in terms of resource, but which had different drilling, deep and expensive.

    Teck has been a mixed blessing, and in some ways it would have been nice if AZS wasn't competent enough to find anything for $2mil random drilling and have Teck walk away from the JV, but that's not what happened as you know. AZS did very targeted drilling and came up with decent accessible resources. Teck said thanks very much, we'll have a share of that and back in. AZS haven't made colossal finds yet but competent to have made the finds they have. We are getting weary with the wait no doubt about it but every time I see someone banging on about that I remember that someone will always buy cheap shares if they think the prospect is good.

    For me, Oposura is enough to keep on board especially with the news feed in the near future, and with the possibility of a big Cu find at some point.


    Last edited by dolcevita: 17/04/19
 
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