AZS 2.27% 32.3¢ azure minerals limited

Oposura Capex mystery solved, page-8

  1. 1,246 Posts.
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    Congrats on digging this up !

    That should read tpd NOT mtpd for daily throughput !
    "....Average Milled per Day 1250 t/day ..."
    Tiny mill !!!

    Couldm't find PEA only press release .
    Copied this from it......The reader is advised that the PEA summarized in this press release is intended to provide only an initial, high-level review of the project potential and design options. The PEA mine plan and economic model include the use of inferred mineral resources. Inferred mineral resources are considered to be too speculative geologically to be used as the basis of an economic analysis except as permitted under NI 43-101. There is no guarantee that inferred mineral resources can be converted to indicated or measured mineral resources, and as such, there can be no certainty the project economics described herein will be achieved.

    Of course Ospura yet to get JORC at all and there IS a reason previous drilling not considered adequate for JORC.
    While I like AZS Ospura still frightens me .
    Will be open minded enough to be convinced otherwise if drilling supports that unless they start spending too much money on it before JORC reserves ....it's the reserves that are the key not the resource !
    Anyway,only my opinion , not wishing to sledge , was interesting reading !
 
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