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$3.69 azure minerals limited

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Champy

171 Posts.

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17/10/23

22:18

Post #: 70394605
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Originally posted by iamlijunyang: ↑

summary and could be wrong, please always DYOR

Cash in hand $133M and monthly burning rate around $5M; 57km drilled up to now and plans to complete 80-90kms before Xmas.
7 rigs in site now and 2 additional rigs mobilizing to site this week:
4 rigs in TA1 including 1RC and 2DD for extension drilling and 1DD for infilling drilling;
3DD rigs in TA 3;
TA2: 29 holes completed with initial discouraged results probably raising by peg intruded into a harder dolerite rather than mafic rocks which was picked up again from NE end and the company planned to keep drilling sometime early next year.
TA3: extension strike is about 1500m long and spt contents are pretty high from visual results of core.
The initial mets result was forced to release due to the cleansing note to be released; the company and mets consultants are in good confidence to lower the Fe contents to below 1%.
The offer announced by AZS from SQM is only one of them ?

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am I reading point 6 correctly in saying that there have been further offers that have not been made public?
AZS Price at posting: $2.52 Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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