Azucar Minerals Ltd T.AMZ

Primary Symbol: V.AMZ Alternate Symbol(s): AXDDF

Metals & Mining Industrial Metals & Minerals

Azucar Minerals Ltd. is a Canada-based mineral exploration and development company. The Company is engaged in acquisition and exploration of mineral resource properties in Mexico and acquisition of property and equipment in Canada. The Company is focused on exploration of the El Cobre project in Veracruz, Mexico. The El Cobre Property claim block covers approximately 11,860 hectares, which contains copper-gold porphyry mineralization over a strike length of at least four kilometers (km). The property is located adjacent to the Gulf of Mexico approximately 75 km northwest of the city of Veracruz in the state of Veracruz, Mexico. The Company has discovered five copper-gold porphyry zones within the property along an approximately four to five km trend, stretching from Norte down to Encinal in the southeast. The El Cobre Project is consistent with the porphyry copper-gold-silver-molybdenum (Cu-Au+/-Ag+/-Mo) deposit model.

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Azucar Minerals Ltd > Pescott Followup

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Comment by kidl2on Jan 24, 2010 11:31am

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Post# 16712587

RE: RE: RE: RE: RE: RE: RE: RE: Pescott Followup

Ahhhh, this famous term "fair value". It's one of the most idiotic terms used in business / the market as "fair value" is purely in the eye of the beholder. There is no firm deffinition unless you apply the term to a company with an operating history while discounting any "blue sky". Even then it's rather ambiguous. Read up on it:
https://en.wikipedia.org/wiki/Fair_value

Bottom line: You can't apply "fair value" to a company like AMZ at this point. It's fair game to apply a potential "future value" based largely on little but assumptions:

Drill results to date cover maybe 1/100's of the property
Mining and processing costs are unknown
Effectivness of the product is largely unknown even though there is some (rather old) hisorical research
Pricing of the finished product is unknown as it doesn't compare with "traditional" POT

In other words, we know very little. All we really know at this point ... We have a semi-proven resource and the people involved in this company are top notch and have the resumes to prove it..

Ergo, I look at the "fair market value" of the people involved and I'll leave it up to the experts to figure out the potential value of the resource. The conclusion I came to playing micro caps for 30 years. Was an expensive learning curve but it was worth it.

My weekend "gift". Like it, lump it or dump it.

Cheers