Interesting points but, azy has a squillion shares on issue....

Interesting points but, azy has a squillion shares on issue.
These guys have a lot less scrip and another major partner in NCM and other areas of interest.

Opportunistic maybe but the elephant country we're in needs major capital. 

My guess is that ENR is playing the explorer card well and may never be a producer in their own right. Can they run to multiples of current price? Absolutely,  they have before.

Also if you look closely at the terms we don't have to spend any money going forwards if there is a find and we get smelter royalties.  Have a think about that for a minute.

It's all speccy but I tend to prefer low amount of shares for explorers/juniors  with multiple opportunities to come up with some goods.

If you also look at the top 20 theres some interesting names on the list.

Good luck with Azy but I think this might get some love if the drills come back positive. They're playing ot smart to get the leverage to fund and minimise dilution.