They chose AZS because this land has the potentials for over 100 million tonnes the same as LTR where the other explorer only pulling 10-15mt deposits.They want a big deposits and their eyes are set on out Andover project right here in the outback of WA.
We can pull more lithium in just one individual pegmatite than those entire deposits now go back and see how many pegmatiteswe have over 700 pegmatites outcropping with spodumenes all over the places with high grades 3% 4% 5% lithium
When they made the information public of the data at hand to datesSQM flew down 2 of their geos on helicopters to the site for due diligence works. They liked what they saw and immediatelly gave the company 4 million dollars. This payment was like a deposit like when you buy a car. Here take this deposit and when its ready i will pick it up. In this casethey made a contract to give them few months to do the due dilligence works on the land with boots on the ground and access to the confidential data in the back room.After few months they said yes and gave the full 20 million bucks.
This deal if you punch it in the calculators it shows thatSQM valued AZS at 100 million market caps BEFORE ANY DRILLING OCCURRED.
Now tell me what you think about that. Blink your eyes and Diamond drill rig on siteFirst drill hole pulling 22 meters and the second drill hole 27 meters getting thicker
The next 3 drill holes 31.7m, 12.1m, 52.9m, 29.7m, 39.6m
AND204 hole intersected both 29.7m and 39.6m. That is 69.3m in just one hole. over 50m in another hole
Now AZS is valued at measly 150 million market caps. This is only the beginning of a long journey to the billion dollar market caps space
Now just think about it matesLTR is now valued at7 BILLION market capsbecause they are sitting on+100mtdeposits in WA and global giants Albermarle is trying to take them over for a premiums as we speak. AZS is valued at 150 million market caps can you believe it? The potentials here is incredible its really that simples. Line up the ducks mate thats all im going to say
AZS Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held