Australia's largest stock trading and investment forum Australia's #1 stock forum

AZS

Click for more information

0.00%

$3.69 azure minerals limited

We drilled plenty of dusters at Nova in the first few weeks of...

First 53 Last

Share
Profile

Follow
lezok

308 Posts.

239

11/12/20

19:49

Post #: 49523752
Share

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.

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Talking Australia's very competitive property landscape: Realty Talks

AI stocks: What to expect in 2024-25

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

MCT

Metalicity looking for offers on Admiral Bay zinc project

There are more pages in this discussion • 223 more messages in this thread...

First 53 Last

Add AZS (ASX) to my watchlist