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Gold/Mining/Energy : AZC - AZCO MININGS (AMEX:AZC) -- Ignore unavailable to you. Want to Upgrade?


To: Tomato Man who wrote (75)6/4/1999 9:11:00 AM
From: BHunt  Respond to of 118
 
Tomato Man.....WOW...what a stroke of luck to run into AZCo.

You confirmed my impressions of Doug Ramshaw from my interactions with him. Yes, mica pricing continues to be tough to verify. When the mine plan is firm, they can write the contracts they have done the groundwork on. We may get a glimpse this summer of what kind of prices their higrade specialized micas will bring.

I am working on cosmetic and plastics grade DD today. This 625 mesh stuff you mentioned has got to be swell stuff. 325 mesh is the smallest particulate I have seen quoted yet. A plastics guy told me there were some very exciting cutting edge plastics being designed that use ultra small particulate. As companies work to improve existing products and create the best new things possible for their markets, it follows that higher quality ingredients would be in demand. To have mica be in use in such a stratified group of industries and products gives me great hope for my investment in AZC.

It's hard to be patient, but I think AZC is VERY COMMITTED to making this mine their highest priority from a cash flow angle. I hope I don't pop a vein waiting.

Thanks for sharing your meeting experience and further DD.

BHunt



To: Tomato Man who wrote (75)6/4/1999 9:27:00 AM
From: okee-boy  Read Replies (1) | Respond to of 118
 
Tomato Man,

From what I have been told, the mining is the easy part. Seems the mica is in a vein quite wide at places. Have not been told of any drilling and blasting. Nor overburden which runs the mining cost up.
I was told the mica [ other minerals ] is dug with a large backhoe and hauled a short distance with two small trucks. With mining cost low, should make for high profit margins. AZC looks to be a good one.

okee-boy



To: Tomato Man who wrote (75)6/4/1999 10:16:00 AM
From: Bill Fortune III  Read Replies (2) | Respond to of 118
 
Thanks TMan and everyone for all the great DD that is being posted on this thread. By the way TMan, it appears that sometimes it pays to live in NY City, at least for you.

Regards,

Bill Fortune III