AZS 2.27% 32.3¢ azure minerals limited

I stand corrected ....I had thought you were indicating million...

  1. 1,246 Posts.
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    I stand corrected ....I had thought you were indicating million .Sorry !

    Whether San Felipe ever actualy gets off the ground remains to be seen .Early days .
    Ospura even earlier .
    Maybe , not saying they won't get the resource but the reserves another matter .
    Reserves , then BFS before any decision can be made whether or not its worth mining .

    How cheap (or not )open cut mining is depends on the overburden and strip ratio ...devils in the detail....and so far this deposit doesn't do it for me (or for those that sold down since last assays).
    Now without reserves being calculated it's fairly much one opinion vs another about how things are likely to develop ....how about we leave it here and see what DOES develop and which of us is on the right track !

    Just one point though ...if you raise,even, $30 mill and double your shares on issue that'll never be reversed and anything from Alacran gets spread more thinly .
    If you do it , it better ....... be worth it !
    Seen plenty of companies where it hasn't been .
 
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