Then take into account the latest metallurgical results for Oposura. Brilliant!
So the capex is small, the opex is small, BUT the grades are very high and the recovery rates are also very high.
Look at the numbers!
Latest spot prices for zinc are $3,243 USD per tonne.
Oposura is going to be a serious money spinner IMO. That will become very evident by midyear when the PEA is released.
For some reason, there are multiple posts that attempt distract from this reality.
They’re still at it, with attempting to focus on Alacran, when it’s not the main game.
$100mil of resource if Teck walk, but it’s foolish to wait on Teck for updates as if that’s what the main game is. There is a chance that there will be Cu, and the guys posting continuously raising expectations are playing with people’s emotions IMO.
I deal with the uncertainties surrounding Teck's management of Alacran in the above link.
What would I do? Try to understand the economics of Oposura as much as you can. Also throw more than a glance in the direction of Sara Alicia.
Updates on Sara Alicia are way more interesting, and they are imminent. @aposteriori has posted on the economics of that more recently. I think his estimate was around $90 mil for the small area being drilled, if the next drill results is proved up. Bear in mind that the cobalt at SA is evenly distributed, it's not seam. This makes it cheaper to mine. Cobalt spot price is $91k USD per tonne.
Tony indicated in his last talk that we are looking around the current SA drill site. Presumably that includes visual sampling of outlying areas. I'm not sure if aerial surveys might be involved. Very exciting stuff.
Remember, if traders are making your impatient, they may want your shares cheaply. Ask yourself why?
AZS Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
