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clock Created with Sketch. 07/04/23
23:25
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Originally posted by Bigly:
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Yes Maccas is right Li prices were very low and no-one was interested in Li at that time. What a bloody great timing for them on Mt Holland thats for sure.Now i am thinking. Did SQM pay 20 million dollars for 20 percent of the registrie at AZS to make a measly small profits? I dont think so. Not at all. SQM bought in for the potentials to replicate their Mt Holland operations which would be worth in the multiples of the billions now if it was still listed on the markets. Now one must think about it. Sure we are all happy about the recent profits from the first 4 drill holes data and some may be thinking to sell for the profits [and you sure can no problems mates its your calls and your money thats for sure]. But when SQM bought in they valued the companie at $100 million dollars [do the maths on their entry price. this is the end figure. 20 million for 20 percent means its worth 100 million in their eyes BEFORE ANY DRILLING RESULTS] . So if SQM valued AZS at $100 million market caps BEFORE any drilling.
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I notice Tony is also focusing on Nickel this year. We would expect the scope study coming out around now based on what he said. Together, both elements run parallel this year make it even more exciting. Tony believe there is a lot more Nickel mineralization under neath and will drill 1,500 mother hole around this time to test his anticipation. That’s why the priority for Nickel is double up the resource. To be honest, I am quite amazed with his experience, confidence and straight to point the way he say.
