AZS 2.27% 32.3¢ azure minerals limited

Oposura Capex mystery solved, page-5

  1. 14,265 Posts.
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    On news flow, a few drill results showing Cu would be nice, but I'm happy they're going to continue exploration regardless of any Cu even though I'm hoping it shows up early of course, and make bullish claims at times in my enthusiasm...

    Teck have already done surveys previously and they will do further appraisals based on the drill results, for the work program. Maybe they will do more surveys.

    I don't know how quick Teck will be on the work program. It's a big company and from past experience the wheels are often squareish from the bureaucracy......they were pretty slouchy on starting in the first place.

    Even if Teck finally walk, we have all the benefit of their work and the Mesa de Plata and gold deposits to keep us warm and fuzzy. It's win/win.

    If people can put aside their preconceptions about costs, and look at the comparisons and more importantly, the distinctions, the numbers on Oposura really do talk IMO.

    It's the company's flagship project and that's no accident.

    The criticisms about the size of the resource fade away ... (and this current 250-300k deposit target is only the first stage of overall this exploration btw).

    A critical strategic strength of AZS is the ability to think laterally and act rapidly. They did it with the finds at Alacran, those Mesa de Plata deposits in particular were just staring people in the face. Then there's the gold at Loma Bonita. The reason nobody even chipped at MDP is because everyone Teck and previous owners were preoccupied with Cu at the time. And just doing the job they were paid to do. As happens in big companies. Plod plod plod. Enter AZS.

    So with Oposura, we have a multiple deposit that we got at a bargain price, and the sellers were preoccupied with the epithermal deposits in a concentrated area, of a particular type. Not with the other layers. Which are not complex in mineralogy terms. That works for me...

    Sara Alicia we got that opportunity possibly due to our good relations with the Mexicans as an employer and reputation by comparison with some of the big players. We seem to have received a heck of a lot of offers when Teck exercised the back-in right (wasn't it 60+?)....That works for me also.

    We're placed to become a diverse producer in one of the most prospective areas in the world, starting with a valuable mine which will be rapid to develop at Oposura.

    All we need is the market to damned well wake up!
 
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