@ 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.
- Forums
- ASX - By Stock
- Ann: Consolidation/Split - AZI
@ dlaurent There are two critical issues for AZI to get the Goro...
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZI (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.48M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $1.693K | 51.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 39700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41000 | 0.031 |
2 | 123482 | 0.028 |
1 | 200000 | 0.027 |
1 | 200000 | 0.025 |
1 | 22730 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 39700 | 1 |
0.038 | 78442 | 1 |
0.040 | 105620 | 1 |
0.049 | 4250 | 1 |
0.052 | 13680 | 1 |
Last trade - 14.07pm 19/08/2024 (20 minute delay) ? |
Featured News
AZI (ASX) Chart |