AZS 2.27% 32.3¢ azure minerals limited

Thanks Salpetie for your thoughtful analytical contribution. My...

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  1. 863 Posts.
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    Thanks Salpetie for your thoughtful analytical contribution. My opinion is that Oposura will proceed to mining and create the financial under pinning for other projects for Azure. Oposura wil be the financial foundation.


    But the unknown factor that could have a significant impact on Azure is Teck's drilling at Alacran. There will be a report from Teck in the new year, and almost any one of the scenarios that I outlined earlier will benefit Azure. In my opinion the probabilities favour Teck finding a modest low grade copper deposit that Teck is not interested in developing, and eventually Teck will dispose of Alacran. If this eventuates then Azure acquires 35% of the gold/silver deposits at Loma Bonita and Mesa de Plata and also whatever Teck has discovered with the current drill program.


    The worst situation is where Teck finds nothing of value and then Azure has 35% of the gold/silver alone. Still substantial value.


    Alacran is the potential 'icing' on the Oposura 'cake'.

 
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