Be fair to say AZS sits somewhere between Dolce’s blue sky & Mr long’s doomsday predictions (& that’s the reality for most of these forums where valuations get skewed to extremes).
MRE will tell the short term direction (be it finding a new floor or a ceiling) before other areas build on it.
Looking at the demand for nickel & bidding by FMG & BHP, if there’s even a remote chance of the eventual resource (not the mre as a base case) being decent enough to be a mine, it’ll be sold off to one of the WA majors that are already producing & hungry for more feed be it for nickel itself or for their ncm refinery plans moving forward.
till then it’s a punt, which is why ppl like us trade/invest/both in small caps for the higher risk/reward.
gold tenements, “should” they hit with a decent grade-volume, will also end up as part of a larger M&A as Tony has alluded to what his expectations are in that area with multiple smaller caps having ok resources but could combine for 1-2 large ones making them more feasible
Still confused weather we’re seeing distribution/accumulation in this 35-43 range for the best part of an year. I’m hoping it’s accumulation for a burst up north (hence my holding) but only time will tell is that chart (& the Fa) plays out or it’s a swing gone wrong.
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