AZS has no defined resources either just an MRE target and drilling in the three zones.
the next 6 mths is key to answering your question as the drilling Wc8 has going is still open in all directions and depth. Both only drill to 400 m depth as that seems to be the generally accepted view of the limits of the open cut mining. If the drilling remains open in the next set of announcements, I feel we are going to have a target well above 100mt which is about a third of what Azs is looking like honing in on, so then the approvals are where the valuation comes into it.
I would like to think we will be north of the hallowed $1 mark by mid year and closer to $2 by end of year, but there is many a slip between the cup and the lip, so it’s only a guesstimate on what looks promising at the moment.
WC8 Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
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