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Azucar Minerals Ltd T.AMZ


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

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.


TSXV:AMZ - Post by User

Post by tankingfrankon Oct 27, 2010 8:47am
318 Views
Post# 17617135

profitability

profitabilitythe economics really do not look that great and that is why the stock sold off.  Potential delivery adjusted sales price of 112 per ton is not give it much room. I believe they have around 60 bucks in the presentation for processing and that is without mining cost and cap X.   Ultimately if/when BHP get into the potash game they will force prices to where they should be under 400 bucks and this will not work out at all.  It does have a chance if Potash prices stay high, but there is enough potash in sask for 200years.
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