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$3.69 azure minerals limited

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qwert0

465 Posts.

289

09/08/23

11:39

Post #: 69242284
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Originally posted by Mr. Metorite: ↑

I sure hope that Tony pumps the brakes at the Diggers and Dealers. I reckon that that a lot of investors (gamblers) are way out over their skies on the AZS share price. I made a solid from the sections through the big sweet spot of ore grade lithium hits that were provided over the last weeks, and then floated a cone over that solid. The resultant strip ratio was 14.78:1. That might explain why AZS is looking at new targets. The strip at Greenbushes is 4.4 to 1 and it makes heaps of money. That means that open cast mining of the AP0011 blob could be profitable, but only if the price of spodumene stops its precipitous decline. The volume of the solid that connected the long hits came out at 20,784,461 m³. Keep in mind that there is lot of space between the sections with no data, so that volume is optimistic.

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You do know don't you that the pegmatites extend all the way to the surface and are stacked on top of each other? Your one small blob 300m below the surface bears no resemblance to what has been discovered.

Seems you have another agenda?

AZS Price at posting: $2.86 Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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