According to the QR the company is spending c.$1m on 'exploration and evaluation' in Q3/Q4. This seems high, particularly as Azure has no serious exploration program underway. Any idea what this entails?
Obviously soil sampling occurred at San Agustin in Q3, but I don't think it would've cost that much (anyone confirm?) Nothing happening at Alacran. Nothing in the QR about Promontorio. I suppose the company may have been active in another tenements, but if so surely that would've been mentioned in the QR (like San Agustin was)
Alternatively, is it possible 'exploration and evaluation' includes DD work for those 60 projects we've been hearing about for so long. Does a company perform its own geology tests prior to striking a deal? Could its analysis of a tenement's existing geological be expensed as 'evaluations' and recorded under this budget item?
As usual - questions, questions and more questions
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