AZY 7.41% 2.5¢ antipa minerals limited

Ann: High-Grade Gold Intersected at Minyari & WACA Deposits, page-30

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  1. 11 Posts.
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    Gents, I found some of what they presented fairly misleading in this announcement, the fact that Havieron is 430m undercover has no correlation to it being under either WACA or Minyari, they could put a Telfer underneath it on a cross section if they want as without some kind of valid reasoning for it it means very little !

    Havieron was discovered 3-4 years ago and they just now decided they are sitting on-top of one?? does stack up

    Facts, yes they have hit some nice grades under existing known mineralisation (not that unexpected), but you need some kind of technical reasoning to say you have the signs of a breccia pipe, something like geophysical characteristics of a breccia pipe ( big round bulls eye!).

    Unfortunately this looks to a well played hand of ''Nearology'' by AZY, they have had these resources for quite a while now so must have rough economic figures on their near surface WACA and Minyari stuff, and if that didn't excite them more of the same below is unlikely to do the same.

    On a different note AZY's share price has been undervalued for a while when you look at there other JVs and in general exploration tenements in the Paterson.


 
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