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 4 drill holes and we are already pulling the 50m intercepts
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
Now what a great story this is and the beauty of it is that it is just starting to unfold
These widths are unprecedented for WA and the only explorers that replicate these widths are the big boys LTR PLS KDR [the+100mt deposits]
Dont forget matesthey have only driled 4 drill holes and every hole has returned wide intersects of spodumene.They have a 40,000m programme with so many holes to be drilled and large surface area
They are so confidents the latest video presentation is saying they will be bringing another 2 diamond drillers and 3 RC drillers.That is a total of 6 driller rigs to the project site
What do you think will happen when we get the announcement of the land approvals and6 driller rigsarriving to the project sites to drill 13 outcropping high priority targets all at the same times? Its going to be amazing thats for sure.
The results have been coming out every 2 to 3 weeks so this is ramping up really quickly. Next week should be the new results for hole 205 and i am very excited thats for sure
AZS Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held