AZS 0.00% $3.69 azure minerals limited

Using the long section from the RIU presentation, I reckon that...

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    Using the long section from the RIU presentation, I reckon that there are 2M tonnes @ 2.5% nickel equivalent as a resource at VC-07. That makes the math easy and you get 50K tonnes of nickel and that is close to $2 billion in the ground. The gold and silver resource in the ground at Alacran is worth over $1 billion and the zinc, lead, and silver resource at Oposura in the ground is worth close to $1 billion at current prices. Considering the spacing of drilling on all three resources they are all quite solid. That plus the cash on hand means that the market cap of AZS should be around $150 million, and that it not taking into account the blue sky on all three projects. I predict that the SP will get back to 50¢ in short order. Will further drilling at Barton and Andover the SP will continue upwards from there.
 
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