Anzex Message Board - Msg: 4495866

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Gold/Mining/Energy : Anzex

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To: Baba 2 who wrote (21)	5/18/1998 9:15:00 AM
From: chevalier	Read Replies (3) of 253

What is the projected time frame for drill result turnaround? How deep is the reef projected to be? Is there one reef or possibly more than one reef? This seems like it has the makings of a huge play. For comparison sake: Platexco PGMI has a property that contains the Merensky and UG2 reefs. They have been drilling it for over 6 months now and have had terrific success. Their market cap is approx $110 million Canadian. They also have an almost sure thing mine that will contain anywhere between 8 and 20 million ounces of PGE's. How many shares does AZX have fully diluted? I am assuming that they did some sort of placement and have approx 10 million F/D. At $2.30 this is still fairly cheap. Drilling success will double the price. Someone else mentioned that BZZ and GNN have the surrounding land. Are they on trend with the reef. If AZX gets consistant grades of PGE's then it would be a good bet that the BZZ j/v will get them too as these reefs run for miles in length and produce fairly consistent results. I will look into this play more tomorrow.

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