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$3.69 azure minerals limited

Hi doodledog You have a couple of crossed wires there... the JV...

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Dazedandconfused

7,566 Posts.

2078

03/12/16

23:29

Post #: 21086468
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Originally posted by doodledog ↑

More spit ballin'....
Doing research and making some assumptions.

The silver and gold seems to sit on top of the copper deposit.
AZS have a $240 million contract to drill copper for Rio.
Teck is a major subsidiary of Rio and may “buy back in” for the copper.
AZS appear to be very talented drillers.
Neither Rio nor Teck have any staff in Mexico but AZS have.

Is it fair to draw these threads together and come up with.....;

A scenario where Teck will ask AZS to drill out the copper as part of the
$240 Rio contract, knowing that as we drill for copper we must drill thru the silver
and gold lode thereby assisting AZS to know their deposit better.
Going even further might a deal be struck for AZS to drill then mine the gold silver
“overburden" with Teck claiming the Copper below?

I have no experience in this area so put me strait if you would.
Doing research and making some assumptions.

The silver and gold seems to sit on top of the copper deposit.
AZS have a $240 million contract to drill copper for Rio.
Teck is a major subsidiary of Rio and may “buy back in” for the copper.
AZS appear to be very talented drillers.
Neither Rio nor Teck have any staff in Mexico but AZS have.

Is it fair to draw these threads together and come up with.....;

A scenario where Teck will ask AZS to drill out the copper as part of the
$240 Rio contract, knowing that as we drill for copper we must drill thru the silver
and gold lode thereby assisting AZS to know their deposit better.
Going even further might a deal be struck for AZS to drill then mine the gold silver
“overburden with Teck claiming the Copper below?

I have no experience in this area so put me strait if you would.

Any of the half dozen ways these cards could fall, when Tony is
happy with our situation, so am I.

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Hi doodledog

You have a couple of crossed wires there... the JV for the copper is with Kennecott, a subsidiary of Rio at Promontorio.... the Alacran is a separate deal with Teck. Teck is a not aligned with Rio.

AZS Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Hi doodledog You have a couple of crossed wires there... the JV...

Top Stories

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Magmatic defines 6km copper trend with grades of up to 6.5% at NSW prospect

Polymetals finalises acquisition of Endeavor silver-lead-zinc mine in NSW's Cobar Basin

Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin

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