Ann: Minyari Phase 1 Drilling Update No. 3-AZY.AX, page-22

Now the SP has settled down after Minyari update No3 it is sitting roughly where it dropped so much after Update 2.

IMO this is saying, from an FA perspective (at least in the current market (POG, sentiment etc.)), that AZY is probably valued at 4-4.5c with:

Minyari - as a small ?sub-economic deposit still with some upside potential.
Citadel - with some expectation factored in and probably keeping the SP at these levels.
The remaining AZY 100% land as a minor factor.


The future holds some knowns but what they will do to the SP is up to Ms Market:

Probably by AGM - Minyari update No 4 & perhaps 5 to complete the recent drill results.
Sept 19 - AGM
Q4 - Drill plans and Drilling of IP and Calibre at Citadel.
Q4 - Sipa Resources drilling results for Patterson North - ?impact.

Some possibles
Minyari extension drilling if the last batch of assays show promise?
Minyari JORC resource?
Some drilling of other targets on AZY 100% held ground?
A cash raising from Item 5 on the AGM is possible but given current cash maybe not this year?

Left field
Another JV for the AZY 100% held ground?

Way left field
2017 - Rio Buyout of Citadel?

All in all a pretty interesting 12 months coming up. Probably not everything included above either.

DYOR
Bonne chance a tout le monde
S