AZY 7.50% 2.2¢ antipa minerals limited

Ann: Significant High-grade Gold-Copper Intersections at Calibre, page-13

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  1. 2,549 Posts.
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    Sounds to me like a cost over-run on the drilling that they have just completed. Which is pretty normal for a deep drilling program like this. It's always a battle between equipment and ground conditions. They have now finished the drilling for the year, spent $3M more than intended and got 2,500 less metres drilled than intended. But the results are great, and they would not have kept going and spending if they weren't given the OK to do so from higher up. If they were to stop and re-estimate the resource at this point, they would have added very significantly to the contained ounces. Definitely a Winu-sized system. Potential for a bulk-tonnage, low grade 5Moz+ gold operation.
 
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