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Off to the races it seems?
Chart update.
Chart update.
There are other fractions to consider other than half, if wanting to try your luck.I usually sell half after a run up like this.
Canaccord’s Tim Hoff last week said Azure Minerals (ASX:AZS) is exciting analysts, brokers and investors alike.
AZS has risen more than 1100% this year after hitting massive pegmatite-hosted lithium at its Andover project in the Pilbara.
Some analysts have said they expect drilling to date already points to an economic resource of 60-70Mt. The company formally posted an exploration target of 100-240Mt at 1-1.5% Li2O on Monday, something that could be, MD Tony Rovira told delegates at Diggers & Dealers, as good as a top 5 hard rock lithium resource globally.
Hoff says the response to Azure shows the market will still reward Tier 1 discoveries.
“Looking at it and the connection between results and where people interpret value, that gap has closed. It’s happening very quickly these days,” he said
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