TSXV:AZC.P - Post by User
Post by
materialsgirlon Jan 02, 2014 2:33pm
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Post# 22053547
50 / 50 and then 50 / 50
50 / 50 and then 50 / 50The outlook has improved but it is still only 50 / 50 that the mine will ever go ahead. Headwinds are extreme from local people, the broad environmental groups and the EPA people are tilted strongly against it up to now.
If the mine does go ahead there is about a 50 / 50 chance that permits will be issued in 2014.
The shares are easily worth $5 to a bigger miner when and if the project can go ahead.
At $1.50 it is a fair gamble but the share price may drift lower during the summer doldrums.
So, it may be worth waiting
Mat