Ann: Andover Project Update, page-115

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WowVeryJosh

112 Posts.

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10/07/23

12:57

Post #: 68706995
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Originally posted by dolcevita: ↑

It's worth remembering again that they must have a good idea about the shape of the mineralisation bodies down there from the downhole Magnetic Resonance Images of mineralisation from devices which they drop down after a drill is finished. As they've already got the sampling from the surface they're looking at continuity and can track that all the way down with this method rotating 360 degrees inside the drill hole.

I forget the range involved I think it's 100-200 metres diameter from each hole centre. You put one down each hole and gradually develop a solid 3-D picture of what's down there from the different angles and depths you get from each hole. Meanwhile they've got handheld devices to do scans of mineralisation, while technically it's not precisely the same as a lab result ...but has to be close!

Because of ASX rules they're limited by what they can say in Anns about that so it's about dot joining, but it's clear they must have a much better idea in the data room than what they can reveal in an Ann which is about absolute certainty from labs from sampling and drilling. So the advantage to the punter (who is more agile than an investment house with its rules about risk), taking a punt comes down to probability on risk compared with nailing it down absolute certainty. And the gap between those is possibly negligible in this case all things considered, including the 3-D modelling images we are seeing from excellent posts in here IMO plus the on the ground images confirming the drilling which is so incredibly busy the pace is fantastic.

So if Tony is saying we will be getting massive results then given the robustness of AZS disclosures I trust this is what is happening. I'm amazed that the market doesn't respond more to this kind of logic, but we have traders and some slow accumulation which is in no hurry for the SP to run. There seems to be a hold it down mode on the open and close. It does leave a serious opportunity for the punter IF they are joining the dots. IMO.

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If you're referring to DHEM or similar technology, it doesn't work for pegmatites.

AZS Price at posting: $1.68 Sentiment: Hold Disclosure: Held
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Ann: Andover Project Update, page-115

Top Stories

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Firebird snaffles Environmental Permit for Jinshi plant

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FBR's robotic home construction tech passes first US early-stage structural compliance check

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