All good news IMO. Looks like the market is waiting to see if they can get the required capital and may also have some doubt about the $160m cost estimate, which is obviously key to the whole deal. I hope they have built enough conservatism into this figure. The worst thing they could do for shareholders is to underestimate the cost and start construction with inadequate funding, get into a tight spot without room to negotiate and then be at the mercy of the financial institutions.
It seems that the deposit is good enough that they could justify development even with a higher capital cost so no need for optimistic estimates. Please AZM directors - don't let this go the way of so many others - build conservatism into the estimate!!!
AZM Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held
