It looks good for the future results... Despite the fluctuations on the stock market yesterday where we saw mostly mining companies crashing all at once, I believe that AZM is solid as a rock. It quickly recovered.
It shows how much confidence people have in AZIMUT. Traders have bought big volume yesterday and today even though AZM was down to $1.92 (-11%) yesterday around noon.
Me, my DD is done since a long time.
Jean-Marc Lulin convinced me more when he said in his last video that the Elmer deposit is constant, without any unexpected and with no inert mineralization in the corridor (vertical shaft) of the gold discovery. No arsenic,... nothing to contaminate the Elmer deposit.
Based on the visualization of the latest drilling, Jean-Marc Lulin says he expects similar results at depth to those obtained in the initial 10 holes. AND, WITH visible gold once again.
He seems to know perfectly well the geological formation where ELMER is located as well as the orientation of the deposit and the grades he expects to find. He is very excited about the core observations.
He is already planning another drilling on ELMER in September/October 2021 of 20,000m I believe?
AZM has not yet received the results of this drilling campaign and is already planning another one. Usually, companies take the time to analyze the drillings before planning another one. Like AZM is doing now on PIKWA. They check, analyze and estimate the best possible future targets before planning the next drilling. But not on ELMER... We go back and it's urgent.
Jean-Marc Lulin said it: "Elmer is their priority now". He is confident that he has a resource of 2M ounces and more if I understood him correctly in English.
Furthermore, financing does not seem to be an obstacle for Jean-Marc Lulin... He says that he has NEVER had trouble financing himself on the market when he needed to. That says a lot about his level of confidence.
And, we're not talking about REX and REX South here, just ELMER. So imagine the potential with all the drilling THIS YEAR on Elmer, REX and REX South and Munischiwan and another one whose name I forget.
Stay tuned, the news is going to be constant this year... like AZM's stock price... rising to new highs.
Translated with www.DeepL.com/Translator (free version)