AZS 2.27% 32.3¢ azure minerals limited

Ann: Oposura Mineral Resource, page-48

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  1. 863 Posts.
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    At this stage nothing is certain, and is all based on probabilities. But that is the nature of exploration, in fact of all businesses and true for every aspect of life.
    What we know is that at present Oposura is likely to be mined, but there is a strong probability that the resource will be increased by further drilling. Raising the funds for mining will be a challenge, but not insurmountable.
    As for Alacran, right at the moment it is 100% owned by Azure. However Teck are earning their right to 51% by drilling and exploration. Either they find something economic or they don't. If it is economic, Azure benefits, if not economic then Teck walk and Azure have control of Loma Bonita and Mesa de Plata.

    Probabilities of Azure being profitable are very strong. I maintain my investment in Azure.
 
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