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1.6¢ arizona lithium limited

AZL General Discussion, page-4426

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wognutz

965 Posts.

217

23/01/22

17:07

Post #: 59072896
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Originally posted by lifefree: ↑

The last number I can find for AZL’s cash position is $3.68 million – I assume that’s USD because AUD is something like $5 million. So, how much do they need if they ever get around to drilling holes and digging the diving pool? It’s the actual cost, plus the deposit for restoring the BLM land to its original condition. ***** says “a typical diamond drill program probably costs north of $200 per meter, depending on the rock type, the expertise of the drillers, the drill location, and much more.”

That’s $20,000 for every 100-meter hole. Was that before recent inflation and supply shortages? Let’s say $3 million for 145 holes. When the holes were drilled back in 2018, BLM wanted a deposit of about $10,000 each for filling them back up. So, another $1.5 million. Then a hole in the ground, 6 meters by 8 meters by 5 meters deep. What does a diving pool cost these days, to dig and then fill back up? Maybe skip that part, within a stone's throw of the hot springs. But where does the money come from, for the lab work? Either the analysis of drill samples, or their own research on how to process clay?

Just asking.

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AZL Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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