RE:5.5 M$ in drilling on ELMER and $4 M$ on REX in 2021.Electriqueman,
I would like to think that most people here already know about AZM's plans and follow but reminders can sometimes be useful. I still haven't listened to Kaiser's recent comments on AZM which reading here and on CEO.ca seems it was atroceous. Will listen on the weekend but more importantly I'll reread the Elmer NR's over the past couple of years to remind myself of all the good things. Reading them carefully, I find that JML seems to leave some interesting nuggets of information that appear as hints to shareholders...buy more soon!
With respect to you mentioning Rex...I assume it has been put on hold for now as JML and his team have always - as far as I can remember - been diligent at letting shareholders know when they start drilling on a property. They were supposed to start drilling Rex in April but I'm thinking they had to wait until a second drill made its way to Elmer. I'm thinking that once the holes reserved for Patwon are done, they could send that drill to Rex and keep using the other drill to finish off drilling the other 10 targets on Elmer.
Here's what I'm thinking at the moment: JML and team are confident they'll find more deposits on some of those 10 targets so they started drilling on Patwon again to release those news first to see an increase in share price. Since Patwon is already known, share price doesn't appreciate too much. Then, they will need to publish the results on the other targets they've drilled...once new zones are established, the share price will be able to jump nicely and allow them to do a financing at a higher level. It's a gamble but with all the work they've done and all signs pointing to more gold zones, I think it's very probable they'll succeed!
Should be an interesting summer and fall as results keep coming through. It's still a great time to invest in AZM.