AZS 0.00% $3.69 azure minerals limited

Ann: More High Grade Silver at Mesa de Plata, page-14

  1. 9,788 Posts.
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    These are rock chip samples - so doesnt really add anything to the picture of the inferred resource potential - excepting in terms of likely strike.

    We know from the drill holes its near surface high grade narrow vein - kind of like our old nsw gold mines were.

    but that kind of mineralisation can be very fluky in terms of grade - so until i see long interval drill assays I wont be getting too far ahead of myself.

    still - always nice to be a holder when the sp is going up. and intrinsically the stock can certainly go quite a bit further from here.

    typically these kind of stories run to at least $150-200m market cap fairly easily if the project data continues to go well.

    esp now US dollar has had its run - the foot should be off the neck of gold/silver price now in terms of that currency downdraft - and the metals can just trade on 'fundamental' demand/supply price action
 
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