Some more info regarding the meeting & presentation.
*The Company is very upbeat regarding Oposura. It is highly likely that it will be developed and will be very profitable at todays metal prices. The PEA/Scoping study, Quarter 3, Commence DFS Quarter 4 with a decision to mine likely mid next year. It is conceivable that we will be in production within 2 years.
Oposure is a perfect size for a company the size of Azure. We are looking at a cost of about $40 to 50 mil. Funding should not be a problem and it will NOT result in a huge dilution for the company/shareholders. The company has many options to raise capital including some debt, some equity raising, convertible notes, offtake agreement etc.
The company has already been approached from parties who are interested in offtake agreement.
*The company is hopeful that Teck will soon issue a statement regarding 2017 drill results. The company has had discussions with Teck and the feedback they are getting is that Teck are very happy with what they have seen so far and they see the potential for Tier 1 project. Hence their decision to continue drilling this year.
*As a result of the company being so successful in its exploration in Mexico in recent years, they are receiving many offers from various parties who would like Azure to explore their tenements.
AZS Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held