AZS 0.00% $3.69 azure minerals limited

Ann: RIU Sydney Resources Round-Up Presentation - May 18, page-2

  1. 5,061 Posts.
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    apparently this is classed as fast tracking:
    Mine development studies underway
    Mineral Resource due in June 2018 PEA / Scoping Study due end of Q3 2018
    Feasibility Study to commence in Q4 2018
    Looking to make a decision to mine in 2H 2019

    the last one does my head in... lets just mine already... the goods are there... why not say " we will definitely mine if resources are proven to be feasible.. " ..... the "looking to make a decision" sounds like a flog, if your doing all this work at shareholders expense why wouldn't you be encouraging and say "We Will MINE if resources are feasible..."....

    This is why I get nervous... yes the tenements are worthy, but the mind set to get them producing has a snail pace, its like it means WORK....

    Either way, as I have said endlessly. Azure is in the best position it has ever been in... the opportunity here is a easy Disallowed ++... but and a big but, will Tony be driven to actually Mine, or just keep playing the explorer game... I would like to see a restructure of salaries to slow the cash burn, I would like to see some accurate costs for the mining development, I would also like to know what would push Tony to say "we will mine"....
 
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