AZL General Discussion, page-1391

well if you think about it a different way say they expecting drilling permits as they said this quarter.
they did CR when shares were at record price for pilot plant,drilling & water rights.
they said waiting on latest hazen results this quarter.
drilling supposedly will take up to 18months (although i dont think it will take that long)
they did say they were going to assess viability of lordsburg...well they did.
a lot of ducks in row already.
so say BLM approved drilling as expected this quarter.
next year they still drilling big sandy...they building pilot plant & testing pilot plant..water rights signed if they havent already.
and hazen testing they just waiting for more results.
youd assume plans for mine/feasability study pretty much written up without being written up.
so what do they do in meanwhile while they wait?
lordsburg.
i dont think it a matter of big sandy not going thru so we doing lordsburg instead...i think it a matter of not wasting more time & doing lordsburg as well as while they waiting on other parts of big sandy development to proceed.
and whats to say lordsburg not being looked at to be propped up & spun off to pay for big sandy or to give better return to AZL shareholders?
they always said big sandy main priority but would look to assess viabilty of lordsburg...and they did.
they currently have about 20 million in kitty....a extra 19 million coming within a year from 12c options if converted.
7 million plus coming from HWK older options which youd think get converted once BLM approve drilling.
hard to see how bradda head permit alongside us get drilling approved (although for a lot less holes) & we dont get drilling approved after we already had 2 prior drilling permits approved.
i think people worried for no reason....wait for BLM drilling approval announcement.
then you will say...yep TWO lithium projects in pipeline not just one...wohoooo!...and just watch price climb north