AZS 2.27% 32.3¢ azure minerals limited

Ann: High Grade Results Continue at Oposura, page-22

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  1. 1,246 Posts.
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    I HAVE tried to to explain it to you ....RESOURCE is what ore is in the ground !
    RESERVES are what can be mined economically .
    Here you get into details such as strip ratio and pit design .
    Small pits less economical ....that's very much what Ospura is looking like at the moment !(Discontuities.)
    The other thing is the widths ...consider drill #36 .....37m is considered fairly shallow BUT if you shift 37m of overburden to only recover 2m of ore (and true width will be less than 2m because of drill angle) then the strip ratio very poor !
    Committing strongly to a small project prior to reserves is a risk I don't want to see AZS take and the sooner they stop referring to this as their flagship project the better !
    Does nothing for managments credibility , in my eyes at least .
    Ospura may make money and may not but it won't be much if it does and it will expand the registry to do it because no way will they debt fund this !
    And if they do push strongly on Osp it will be without me !
 
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