I agree with your conclusion. I fear that the initial assays will be “average” and not live up to the hype the market is expecting which would be unfortunate because those educated on the Andover program (thanks to Calm, SugeKnight and others) know the initial assay results are from non-priority targets.
Before we might conclude this was a great smoke and mirror campaign we should wait until the full picture is known eg the 40000m drilling campaign is completed.
As I’ve said before there’s a number of positive signs Andover is a huge lithium deposit, but I qualify that by saying there’s also a huge amount of de-risking needed. I’ll be comfortable when I first start hearing we have reached 50Mt plus mineral resource estimate threshold at around 1.4 Li2O. Then we are talking business.
AZS Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
