AZS 2.27% 32.3¢ azure minerals limited

Dolce you've glossed over the added "m" . Not sure how that got...

  1. 1,246 Posts.
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    Dolce you've glossed over the added "m" .
    Not sure how that got added !
    This is a tiny mill they are talking about !

    Not talking "technicaly" talking not counting chickens before they're hatched .
    They could use old drill assays (now) to calculate a JORC resources IF there was the required density and if the appropriate standards we're met ...obviously not the case with Ospura !
    But the thing is even a JORC resource doesn't factor in the economics of mining ...that's Reserves and at that point you know what you're dealing with .
    My worry with Ospura is the discontinuities ,(and I'm not an orphan here), and I wonder when they do define resources what % can be converted to reserves because of either digging smaller pits or harming the strip ratio making a portion uneconomic .
    Also worried about dilution and in answer to a previous poster I'm pretty they can't debt finance Ospura .

    My pref. is for AZS to keep their powder dry for Alacran and keep their register short !!!

    If Ospura turns out to be COMPELLING then all bets are off and my attitude will change .
 
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