AZS 2.27% 32.3¢ azure minerals limited

Ann: High Grade Results Continue at Oposura, page-120

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  1. 1,246 Posts.
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    Check out Appendix 1 of the last presentation....gives you details of Alacran Ag and Au resource .

    It's Ospura that doesn't have a resource yet !
    As far as dilution ....if people are to be believed we are looking at $30 -40 mill Ospura CAP EX but personally I think significantly more !
    Assume that minimum, means a doubling of mkt cap just for starters and that money gets spent well before any money comes in so a lean couple of years .
    Ospura IS a small low value project and I doubt any competent independant expert performing a BFS will encourage development (with a mill).
    If I thought it likely they actually develop Ospura I would've sold already .
    Ospura is just an expensive distraction at present .
    DYOR
 
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