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Azucar Minerals Ltd 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

Bullboard Posts
Comment by Teatimenowon Jul 28, 2017 12:18pm
193 Views
Post# 26521966

RE:News - lookin' good!

RE:News - lookin' good!it indeed does, the area they are working in might not be the top-tier in terms of safty, but enough larger companies quite comfertable there.

I do like the IKN blog a lot and especially over the long run Otto is often right (see Tahoe or Asanko Gold for example), but about AMZ beeing expensive i think he is just terribly wrong.
Its cheap just on the royalties and JV it has - in an action the PM royalty portfolio would fetch at least current AMZ marketcap of about 50mm$.

El Cobre is for free so to speak and there are some JV looking good as well and AMZ retains a carried interest.

On Caballo Blanco, a project i am similar sceptical about than IKN/Otto is, some progress is made as well and Agnico Eagle even bought into Candelaria Mining as well. 
AMZ has a 1,5% Royalty.

Gold is doing well, Copper at multi month high and 75m@2,3%CUeq IS a nice hit.


Bullboard Posts