AZS 0.00% $3.69 azure minerals limited

Dead in the water?, page-46

  1. 913 Posts.
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    Don't hold AZS, but watch as have adjoing lease. My readings so far is that T1 and T2 have found around 50/60 million tonnes Li at over 1.2% and T3 is expected to be 50/75 million tonnes similar grades as past 2. Is it correct that only 15% has been drilled, if so they could potentially have 125 million tonnes at over 1.2% grade for 15%. Please correct if I'm wrong but I hold LTR and when we got 120 million tonnes with higher Li plus 1.5% our market cap was 2 Billion over $1.00 per share. So if AZS is 60%\ Creasy private 40% the maths are telling me that MC at the moment should be well over 2 Billion. Equates to between 5/5.50 per share for 60%.One poster has stated 400 million tonnes Li, now your talking 2 1/2 times size LTR but lower grades. I don't own this stock, but if they keep striking same tonnages in the rest of tenements then this could be a 8 Billion MC with 395 million shares, that would be over $20.00 a share Know wonder the big boys want it
 
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Currently unlisted public company.

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