As yet with the infomation provided it would be very hard to put...

As yet with the infomation provided it would be very hard to put a value on it as we dont know exactly how much is down there yet till they run a few more tests.

Going by the small market cap and the low amount of shares on issue i can see azo running much further then it has today as its share in the joint venture is 80% and will arrow on there side doing all the work, and with the experience that arrow has i dont think it will be long before they start the next stage of testing on these areas.

Personally it looks very positive and by the way the annoucement has been written sounds like there is aeffenate resource there. Due to the fact AZO holds a much bigger slice of the pie its share price will reflect that in the not so distant future and already has by todays efforts!

Tommorrow will be interesting as the sell side looks pretty weak still and after a few people read this annoucement tonight it will defenatly attrack some buyers tommorrow!

So far so good by the looks and the share price looks like it will be heading up again after flushing out a few profit takers today!

Good luck all