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
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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