AZY 0.00% 2.0¢ antipa minerals limited

Ann: Near-Surface High-Grade Gold Discovery at GEO-01 Target, page-72

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  1. 979 Posts.
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    Drill to infinity & beyond! - The standard gold speccie MO.

    Another one of my slow motion gold exploration train-wrecks

    Sadly, unless interest rates and inflation suddenly drops off a cliff or gold goes to US$5k/Oz, this company will do what >90% of other explorers do, and run out of backers and money. AZY will never take this to mine stage.

    I only 'invested' a few hundred $s here, in the hope that the resource would be sold off to the neighbours.

    Mining 1-5g/t of gold, hundreds of metres below ground, in a high input cost jurisdiction like Australia, is rarely viable, particularly for a small fry like AZY.

    Yes, I've got a sour taste in my mouth from NML and others!
 
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