AZS
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0.00% $3.69 azure minerals limited

Alot of people upramping and downramping without discussing what...

  1. witchdoc86
    1,034 Posts.
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    13/09/21
    13:20
    Post #: 56020196
    Alot of people upramping and downramping without discussing what the ore is worth.

    My ballpark estimate 400m x 200m x 10m x 2% x 2t/m3 = 32000tons nickel @$20000/ton = $640M.

    Give 10% ore value given its good location but its in the ground and Creasy's cut and copper and cobalt credits is 64M usd and 30M aud current cash, which is about AZS's current market cap.

    So the market cap is a reasonable valuation of AZS based on Andover only.

    If you think the other upcoming drill targets are good, then buy. If you don't, then don't buy.


    Simple.

    Last edited by witchdoc86: 13/09/21
    AZS Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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