AZS 0.00% $3.69 azure minerals limited

Ann: Agreement Reached to Sell Mexican Assets for $20 million, page-23

  1. 1,737 Posts.
    lightbulb Created with Sketch. 115
    Maybe we should hand that one over to the Canadians as well, and see if they can make a go over it.

    Its costing us money sitting there doing nothing.

    Tony kept reminding us that Mexico was the best place in the world for doing business, cheap labour, dedicated workforce, less than half the price for drilling ect. but when Glenn Jardine
    left and went to DeGray everything fell in a heap

    Despite the pandemic other mining operations continued and now the Canadians are going to be doing the work that we could have done.

    But here we are, with only 60% of Andover, a resource with a mine life of 2 years, spent 20 million and still counting , Ridgeline might bring up to a total of 3 or 4 years .

    We picked up a pidly 6 mil in the near term from the Canadian's for drilling

    In the past we have never let our cash reserves drop below 5 million
    So a CR is coming by November, lock it in.
 
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