AZS 0.00% $3.69 azure minerals limited

Ann: Acquisition of High Grade Oposura Zinc-Lead-Silver Project, page-27

  1. 38,609 Posts.
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    Your appraisal looks sound but .....why this pre-occupation with Ospura which as you correctly pointed out is a small project . Good value for the price but I don't see it as a "company maker ".
    The icing not the cake !
    No mention of Alacran where a LOT more cash is being poured into a claw back (higher implied value) which is of a much larger scale and IS potentially a company maker . 50% of something big better than 100% of something small .
    AZS probably did the right thing picking up Ospura as they have no responsibilities with Alacran at present and should be able to define a mineable resource quickly , easily and cheaply .
    Is it stand alone ?
    Possibly not , I think they may need to truck it or sell it !
    Everyone always wants to see something happening so maybe Ospura will catch their imagination but trust me ....it's not the main game !
 
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