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$3.69 azure minerals limited

Ann: Exploration Underway at Andover Nickel Project, page-53

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lezok

308 Posts.

239

11/12/20

19:49

Post #: 49523752
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Originally posted by MrLong2019: ↑

That actually is the biggest load of horse crap I've ever heard.

So you believe Azure is worth as much as $32/share ($10b market cap) if all goes well? Lol.

Go checkout the Sirrius discovery to see what Tier 1 nickel/copper assay results actually look like. Azure's current assay results are not even close.

The market is ascribing circa $150m value to Azure's Andover discovery (the remaining $70m to their other assets) mainly due to the belief that the VC-07 EM conductor will bear fruit.

Drill hole 7 is all or nothing as it will better test the VC-07 theory. Should it succeed it will give credence to the view that there's a 1km long stretch of nickel (with minor copper.) Should it fail, then the excitement over a tier 1, 2 or 3 find will quickly evaporate.

Don't forget that VC-07 is under around 200+m of dirt. It would need an absolutely breathtaking find to be economic to mine.

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We drilled plenty of dusters at Nova in the first few weeks of the discovery - cool your boots - One hole doesn’t change things either way

AZS Price at posting: 80.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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