AZS 2.27% 32.3¢ azure minerals limited

CAPEX & COMEX, page-35

  1. 14,265 Posts.
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    Dolce says Sara alicia was a tremendous success

    Typical overreach and misrepresentation coming from you Mossberg. (Ay veh! What's new?)

    I simply responded that the Sara Alicia drilling was not pointless.

    Why? It had extremely high intercepts that's why. In fact, they were the highest cobalt % of any such exploration for 2017. Worldwide.

    But unlike some, I don't like to overstate or understate the case. Not if I can help it.

    Now in terms of value, look at current cobalt prices and ask yourself what that will be worth in the future. (You can do that can't you Mossberg? While you're at it, check what the market outlook is for Cobalt and gold.)

    Given that China has a stranglehold on the market, and ethical companies don't like dealing with oppressive regimes in Africa...a ready and proximate supply of cobalt close to the US is kind of interesting wouldn't you say? Even in small amounts? Because of the value of the commodity. OK I don't trust you to check the cobalt price so I've done it for you. The current spot price is 73,249.91 USD per tonne. Outlooks you can disregard. As you would.

    So. Wouldn't you say that combined with the surrounding area, (when obtainable from the Mexican government) Sara Alicia would be potentially worth a colossal amount?

    So in the world others occupy in exploration (the speculative one) it's worth money. Sure it is.

    Mossberg likes to conflate completely different projects, (perhaps hoping that someone who fearful and maybe isn't well researched will capitulate?).

    But there's an ocean of difference between mega hot commodity of cobalt, in high concentrations, plus gold, which is easily accessible...to copper well below the surface and not fully explored.

    Again. The economics of Promontorio can change as the Cu price changes. It's marginal right now, but comparing it to Sara Alicia is bizarrely inappropriate. It takes some chutzpah to do that kind of thing, but that's our Mossberg for you. He's reliably consistent in that respect.

    At the risk of too many metaphors, in the Mossberg world the speculative glass is not just half empty, it's contaminated with deadly material. You simply cannot go there.

    Others know better.
    Last edited by dolcevita: 11/07/18
 
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