Ann: Fifth Hole at Andover Continues to Impress, page-30

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blueskybaby

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24/11/20

11:32

Post #: 49095884
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Originally posted by keithgr72: ↑

There is a lot of future success built into the share-price and still plenty of risk. Sure we might be onto a monster, but equally we might not be. The market cap is at $230 M!

There have been some comparisons to Sirius thrown around and there are similarities BUT if you have a look at where Sirius was at around the same point, Azures share price has a lot more assumed success built into it. Google the Sirius Resources presentation from August 2012:

These are their first holds (good grades and widths, better than AZS?)

This was the comparative market cap:

So our market cap to risk is WAY ahead of Sirius at the same time and we are still exploring what we might have found. Sirius also had 70% of the project and I believe ended up finding 2 x large deposits, we have 60% and so far have hit the tip of the iceberg on one that may be large, though Tony has alluded to more targets being around.

Also factor in that anyone that has followed AZS for a while knows that Tony can put a positive spin on the possibilities and get the market excited. We've been through it all before.

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yes, its definitely looking very pricey. Ever since SIR Creasy projects have attracted a premium.
I will note however the outlook for nickel is a different universe in 2020 than it was in 2012 and the holes you are referring to here are holes 24 onwards. We're currently on hole six.
Here's a quick refresher of the assays from the the first diamond drill at Andover

AZS Price at posting: 83.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Fifth Hole at Andover Continues to Impress, page-30

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

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Almonty locks in govt agreement for tungsten oxide plant in South Korea

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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