Posted on another board, guess AZM had a presentation.... Yesterday....seems like Soi was brought up! Anyone else on that call? Further insight would be good! Interesting that Soi has a cheechoo update on the 23 rd! HB.
@OgnyQ4 UNDERVALUED !
IMO the most important points from JML presentation:
• They changed the drilling company for Patwan project. The new one has better equipment’s to drill Elmer. (IMO because of coming deep drilling or the swampy area. The old one drill company is already on REX properties.
• The cost of drill per meter for Patwan is 250 dollars per meter – ALL Included . AZM have 7 million in the kitty. (IMO, no need from new finance this year. Means if there is PP , should be Nord of 2 cad… AND will be happened before April …..Upside potential 100% could came only from new PP. )
• For this type of deposit(patwan), it is very common to have depth 2-4 times from the length. So far, we have 500 meters length, so the depth must be at least 1500 meters.
• For Elmer, JML sad that it is very probable to find more mineralized structures like Patwan - IN THE 17 kilometers corridor ....(AND IT looks like JML is VERY CONFIDENT, about continuity of the gold in depth at Patwan.)
• Also, JML thinks that in the end of ongoing 15 000meters drill program at Elmer, they will be in position to establish 1,5 - 2 million ounce of Gold. (initial resource estimation ).
• Eleonore camp will be consolidated sooner than later. Eleonor mine is going out of resources. He mentioned, a few times, that $SOI have 2 million ounces 1gr. per ton deposit and that Eleonore south could delineated at least 2 million ounces more.
• JML did not say who is the “mysterious strategic investor”, but was very clear that the investor has strategic interest in James Bay region.
• Finally, Norden Quebec attract a lot of interest from Australians, because of - the similarities with Australian deposits, pretty much underexplored and MUCH Cheaper. SO, IMO, we will have a lot of interest from Australian companies (and they know a lot about exploration and mining)