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4.2¢ altamin limited

Major Mineral Resource update to 7.8Mt @ 6.8% Zn,1.8% Pb & 32g/t...

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pipebuilder

258 Posts.

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20/10/21

11:17

Post #: 56932042
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Originally posted by hilly_sandman: ↑

Correct in that AZI have a long way to go. However the company has never been able to compile an DFS primarily for two reasons;
- requires further resource definition
- require pricing improvement

Company has quietly provided point 1, market is providing point 2. Initially the company were targeting a Q3 2021 DFS, now in latest update it is H1 22 for test work and H2 2022 for the DFS, so it has slipped another 12mnths. IMO this can only be because the resource still doesn’t underpin a positive DFS, otherwise company would fast track the DFS. Also capital raise required before any DFS.

I am waiting patiently, believe now could be a good opportunity to start building a position, cognisant of the upcoming capital raise to fund further drilling and the DFS.

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Major Mineral Resource update to 7.8Mt @ 6.8% Zn,1.8% Pb & 32g/t Ag

Exploration Target of 17.4-22.0Mt @ 8.5-10.4% Zn,1.9-2.4% Pb & 19-23g/t Ag( pg 3 of 12 Oct presentation)

Updated Mineral Resource Estimate will be integrated into a Definitive Feasibility Study to complete in H2 CY2022 - pg 8 of presentation)

Exploration Target looks very ambitious. GH quietly confident or desperate?

AZI Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $18.43M

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Price($)	Vol.	No.
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