AZS 0.00% $3.69 azure minerals limited

Further explanation to my last.The upside case and current price...

  1. 97 Posts.
    Further explanation to my last.
    The upside case and current price case scenario's used the same prices.
    From previous announcements their goal was to double the half mill resource.
    Hence the doubling of mine life based on 1m tonnes.
    That is based on what they expect from results already received.
    Today is the first time i have heard them talk about a potential resource of 1-2 m tonnes.
    It seems to me their old target is now a conservative estimate and they are hoping an upgrade of 2m tonnes might be likely once the remaining 17 assays are received.
    If that is the case then its possibly a 16 yr mine life.JMHO
 
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