Ann: Consolidation/Split - AZI, page-88

@ dlaurent There are two critical issues for AZI to get the Goro mine re-opened:

- establish sufficient resources to get the critical mass to warrant investing in a new plant and refurbish the mine.
- get the mining permit, which requires environmental approval.

The current share price obviously reflects considerable scepticism about these issues, otherwise the market capitalisation would be a multiple of what it is now. The announcement of updates resources, which hopefully will be in excess of 5 million tonnes (for critical mass) at an average grade better than the currently known resources will be a big step and should have a very positive impact on the share price. The 5 million tonnes should give the company sufficient material for 5 years reserves at a decent production level. During mining further exploration would replenish depleted reserves, typical for underground mines.
If (when?) Alta Zinc obtains the mining permit a calendar quarter after mineral resource announcement (Q3-Q4 2021), then the share price can be expected to fly.