AZS 0.00% $3.69 azure minerals limited

Ann: World-Class Lithium Intersections Continue at Andover, page-60

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    https://hotcopper.com.au/data/attachments/5845/5845844-fc5285e210a0e73a2f23679088113d3b.jpg

    Figure 1 WOWVeryJosh and Eastwest extrapolation of MRE estimates with Concentration when Avaiiible


    @WowVeryJosh & @eastwest101



    thank you for your efforts over the Christmas break. a 22/12/23 announcement should not get under the radar.
    Figure 1 takes your last 6 months of workon Estimating MRE and Concentration and Linearly extrapolates to April 2024.

    I agree with @WowVeryJosh . The current MRE estimate of 197.7 MT Lio2 and 8 rigs a spinning the 240 MT Exploration target will be exceeded by March 2023.
    The concentration figures extrapolated suggest concentration will midpoint of Exploration Target at 1.22%.

    If you look at figure 2 the series of takeover offers has not kept with the Relation of Mt to Price

    https://hotcopper.com.au/data/attachments/5845/5845888-7d0c11db70d297cf14a252fc70054d23.jpg
    Figure 2 average daily AZS price and WVJ and EW101 MT MRE extrapolation .

    Infact if the Relation between MRE and AZS price holds overr time the AZS price is linearly extrapolated to $5.40 .

    Min Geologists ( 13.6% AZS) would have been all over this i cant see Chris Ellison doing acquila resouces 2014. He is 10 years smarter.
    CE is maintaining his optionality


 
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