AZS 2.27% 32.3¢ azure minerals limited

Alacran

  1. 2,102 Posts.
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    Alacran has the potential to put Azure into a revenue status..

    For onlookers and those considering investing here this would be worthy of doing some serious research.

    Some key points that are easy to find via Ann’s already released:

    # Azure earned 100% ownership of the Alacrán project in October 2016.

    #In December 2016 Teck elected to exercise its right to earn back an ownership interest in the Alacrán project.
    Work conducted during 2017 represents the first year of activity in a total four year, US$10 million program which will entitle Teck to earn back a 51% share in the project.

    #Upon reaching an initial 51% interest in the project, Teck may further increase its interest to 65% by sole funding a further US$5 million in expenditures on the project and making cash payments to Azure of an additional US$1.5 million. In this case, Azure will retain a contributing 35% interest in the Alacrán project. Grupo Mexico retains a 2% NSR.

    # So Alacran is free-carried at the present time for Azure, talk about hitting a small jackpot with low risk

    # Teck as we know has completed 11 drill holes (4905M).. results comeing next month (feb 2018)

    # The southern extension of the Loma Bonita epithermal silver-gold deposit towards Cerro San Simon was one area considered high priority.

    # Teck has recently indicated that it will be continuing its exploration and will advise of its intended 2018 exploration program following evaluation of all results.... This alone for me indicates that they know the goods have proven to be what they were hoping for... Even without releasing the results to the market they have already made such a clear indication..

    # Azure have already discovered prior to Teck drilling over 32 million oz silver and 150,000 oz gold all at near the surface

    For those that don’t know Teck Resources Limited is a Canadian metals and mining company. Canada's largest diversified resources company.

    Teck's principal products at 2017 were coal, copper, zinc, with secondary products including lead, silver, gold, molybdenum, germanium, indium and cadmium.

    Tecks revenue alone for 2016 was over $9 billion... We are talking some serious experience with some serious backing and obviously Azure has their attention..

    The trading of late has proven some small games to accumulate.. We should witness a nice interest on the lead up to these results, as some true value for Alacran will start to take effect.. the next 3-4 weeks should indicate if big money is watching.. From what I do know from the whispers in the breeze is that big money is looking to jump in very soon.... timing is the key...

    Simple summary above regarding Alacran... but watch this space, should see a break out and leave these levels behind very very soon... IMO high 50’s even back to the 70’s pre results in not out of the question... depending on results we may even break the $1 mark with a decent run... DYOR obviously

    Exciting times for Azure for 2018.... best of luck to holders...
    Last edited by Mr.Red: 12/01/18
 
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