VANCOUVER, BC, Jan. 23, 2025 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce the successful drilling and multi-layer perforation and swab testing of the third wellbore located in the Mansur project area, southeast Saskatchewan. Mansur Well 1-29 returned 217 mg/L in the Wymark D zone. This is the third test well EMP has drilled that has returned Lithium concentrations over 200 mg/L.
...So, EMP has a market cap of US $26 million, compared to US $45 million for AZL (based on the latest US OTC trades, equivalent of about 1.5 AUS cents, not the lower ASX ones). If the two companies are comparable, except for the Big Sandy albatross around the neck of one of them, AZL is more than halfway toward reaching fair value.
AZL Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
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