Azimut Exploration Inc V.AZM

My notes from AZM presentation at VID Conference

[Thunderstruck20]

For those of you who did not have a chance to see the presentation from JML at the VID Conference, here are my notes:

• Elmer/ Pawton : 10 km strike, wide open for additional strike, very substantial surface with significant grade
• Drilling will be completed by end of June (15,000m)
• Objective: Advance gold resource of at least 2M ounces but not with current program. It will take another 6-12 months.
• Planning another 20,000m drilling in the fall
• "possible grade increase” ( I believe he meant better grade) and it will be confirmed with the existing drilling
• We can expect a much deeper intersect (he si very confident about a “deeper extent”)
• Elmer is comparable to Golden (450m x 1.8km) and 4.3M ounces
• Elmer is comparable to Rory’s (6M ounces)
• upside potential with the 10 new targets (Pawton is in the middle of it). May hit during this campaign. Presence of high grade gold content. Chance of new discovery are very good.
• Preparing a second phase after the 15,000m  
• Will test at 500m and 800m depth
• Expect consistent news flow during the year
• Will have 3rd drilling program results until end of August (labs are very slow)
• New drilling in Sept-Oct and in the first 3 months of 2022
• Objective is to have 2M + 
• they are working on another financing in the next few months
• Rex and Rex South could be world class copper deposit
• Could share (for money) Aztech technology to others
• Pikwa: 2000m, 11 holes, project is good, need to properly analyze, many interesting targets
• Rex: people on site since April, more news shortly but the focus is on Elmer

P.S. Feel free to add more comments if I missed something.

FYI

 

[BILLMINER]

Thunderstruck20:  thank you for compiling and sharing. Hit at depth and an additional discovery hole could be in the cards. 

[electriqueman]

Merci Thunderstruck! Je n'ai pas eu la chance de me liberer pour l'ecouter mais ce resumer compense un peu merci encore.

[idleintruder]

Thank you, Thunderstruck for the excellent summary.  Astonishing for me was that Mr. Lulin was extraordinarly happy.  He displayed enormous confidence  in Elmer; the tremendous potential of Rex and Rex South.  I've never seen a mining executive so pleased.  This is a presentation worth saving and putting on YouTube.  It was special.

[Thunderstruck20]

You are right Idleintruder. JML was very happy and he shared more information then he usually does. I probably have seen all his presentations in the last 2 years (including the 2019 and 2020 AGM) and he was very forthcoming with information. He seemed very confident and he reiterated that everything was based on facts. i am more confident than ever about AZM with regards to short term and long

[Paray99]

Looks like lot of interests from investors! Next round of financing will be above $3 for sure.

[chintzy]

Hope they make that webinar available for review, not so far that I can see. Quality chatter going on at ceo.ca Someone there remarked that AZM will soon be drilling on 4 properties simultaneously Elmer, Pikwa, Rex (district-scale!), Munischiwan - that will be a serious stream of news, they are all highly prospective - but that's a good year from now I'd think judging by the pace at Pikwa

[Frank2015]

Did not hear that chintzy...Pikwa drilling next year...short term finish drilling Elmer until end of June. Start Rex...september Elmer again...Munischwan should be in between somewhere because small campaign...no drilling at 4 places...not yet

[chintzy]

You're right Frank....I was unclear...they will not be drilling on multiple projects at the exact same time, no. I was thinking more generally that there are active exploration programs underway at all of the projects and they are all in the process of being advanced at the same time whether actually at different stages of drilling or waiting for assays or analyzing and planning next moves

[Specific]

Let's hope so Paray99 but I will not be surprised if it isn't. 

[Paray99]

Specific, it is a rewarding year already, so I will not worry much even they got a slow pace. Tere are not many weak hands to shake now, from what I see in the bid/ask.

[Frank2015]

Right now they a talking 2 millions and plus oz but I believe that the next wave of results will  forward discussion closer to 4-5 millions oz on Pawton...and he seem pretty confident of finding 2-3 more Pawton...

[chintzy]

5-10 million oz. @ $2-3K Au is a $20-$50 SP just for Elmer. And if Au goes to $5K and beyond as Lassonde and many others are saying? Potential for another $billion or 2 of market cap or $15-30 more on SP from Rex, Pikwa, Munischiwan. Humanity is facing the possibility of a serious copper shortage this decade. I've seen estimates from legitimate sources of copper going anywhere from $6 to $15

[Nak1964]

Chintzy, given what we are being told, I like your numbers.

[Paray99]

To be more realistic, gold price will not hit  above $3000. We cannot compare it with Bitcoin, which is a rich guys play. They have nothing to lose and play risky volatile scam... But majority gold holders are different. It starts from the poorest families in Asia to the central banks. The so called rich guys never want the poor Asians sit on fortunes.. Moreover, the Asian demand will

[Nak1964]

Hard not to see 5-6$ pretty soon...which is I believe the value of a 2 millions oz deposit in the context of AZM, gold price...and the upside potential of Elmer which could be much more than 2 millions oz...still work to do but next waves of results could unlock many more dimensions to the Pawton Elmer story

[BobMabena]

I think GBR has proven 3.4m AU Ounces and is worth 850m,  granted they are much further along. AZM aims to prove 2m AU Ounces at Elmer by Y/E and from the way JML spoke last week I think that is a slam dunk.   Add to that all the other potential properties and it's hard to see why it's market cap is not at least 250M right now,  that would roughly double the current

[electriqueman]

je suis d'accord AZM est sous-evaluer avec toutes leurs proprietes mais ca va augmenter assez vite cette annee avec ELMER et surtout REX.  Il ne faut pas oublier Munischiwan ou il y aura un forage cette annee et la teneur des sample est meilleur que ELMER... Alors, le SP va monter, je ne suis pas inquiet. In LULIN we believe!

[Jim12345]

Waiting for $3.

[electriqueman]

I'm looking for that video on Youtube but, I can't find it. Can you put the link of this latest interview please Thanks

[idleintruder]

electriqueman:  Unfortunately, its not on YouTube , and I don't know if it ever will be.  I was simply asking; requesting that it be posted.  Mr. Lulin was at his very  best.  Thuderstruck's summary gives the essentials.  But without viewing the video, it's difficult to convey Mr. Lulin's happiness and joy in talking about 10 new gold targets at Elmer

[Nak1964]

Totally agree! He expressed so much confidence. I increase my target to 5-6$, a place we could be very soon.

[Nak1964]

To be cleat, I base myself on M. Lulin confidence of seeing 2 millions oz on Pawton... I think the market will recognize that soon. And then any success on the new target zones could break the bank.

[electriqueman]

On relaxe avec la cible de 5-6$... Si AZM remonte a 3-4$ avec la phase de resultat actuelle alors je vais etre content. Mais quand AZM ira sur REX, alors si le potentiel est confirmer avec du concentrer de cuivre a 13%, alors AZM atteindra les 7 a 10$ facilement a cause du peu d'action en circulation. Ca va etre une grosse annee pour AZM et pour mes autres compagnies comme KTR, GENM et CRE.

[Nak1964]

If you have  listen to Lulin, you understand that he has many cards in his hands that he has not shown yet...

[Nak1964]

As for Rex, if Lulin's vision becomes reality, it will be worth billions " a district with many World Class deposits" you might be very low with your 13$ a share