I think that the Company needs to get closer to 15 million...

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cherryburn

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31/05/22

19:36

Post #: 61736797
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Originally posted by carmat: ↑

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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I think that the Company needs to get closer to 15 million tonnes at Andover on the basis that it only owns 60%. I am looking forward to some good results out of Ridgeline this year especially with Ni grades at 3% plus. Will be monitoring closely against MYL which has a Ni deposit in Tasmania, with Creasy as a shareholder, yet to be relisted soon hopefully. Nickel price looking good at present.

AZS Price at posting: 28.0¢ Sentiment: Hold Disclosure: Not Held
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I think that the Company needs to get closer to 15 million...

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