|
There is one major over-riding
reason as to why we are more bullish on Azco
than any other issue:
It is compellingly undervalued. |
And, just
as we have for all 2004, with our market beating performance:
"We buy value". This is "Our
Mantra". So, we especially try to highlight
extremely undervalued situations whenever we identify
them, so subscribers can move in on these situations
swiftly and efficiently or more uncommonly, can also accumulate
significant positions over time, depending upon how rapidly moves
might unfold.
2004 A Dynamic Year for Many
Issues
Some issues we highlighted, were
so undervalued at the time, or the unfolding positive news was so
impactful, it became necessary buy immediately at market
within a very narrow time window, often in less than a day which
is why we advocate buying at the market, or stop limit
orders, as the preferred method for buying all stocks and
futures, to avoid the disappointment of not being filled
on orders.
Such was the case with AEXCA,
which at the time we first bought into around $7.35 near
the low of the first up-day, following the news that
Ampex Corp AEXCA had just issued their first
reports of a $40 Million settlement with Sony. Having
observed, past behavior of windfall profits and, or market
surprising settlements, we immediately recognized the undervaluedness
and huge potential of Ampex Corp for many reasons, others
could not readily foresee, in fact, many were skeptical over its
debt situation and recent performance, but we quickly surmised
that these were not only, now minimized, but held potential
to be overwhelmed by anticipated future events.
AEXCA subsequently soared almost 700%
to over $50 and has since pulled back some, perhaps offering a
re-entry point for us, at a discount. We also highlighted
Industrial Services of America, IDSA at the post-split equivalent
of $5.50 enabling us to ride it to new all time highs and
sell out about $1 off the peak at $22.50 and actually
recommended shorting this issue around a day later, a
tad lower.
We also highlighted and bought Misonix
Inc MSON at $7.50 and sold it close to $12 another buy idea that
required immediate action.
One issue that offered some
opportunity to accumulate over several days, was B&H Ocean
Carriers BHO, which we highlighted in the $8 range. Again, because
we saw this as an incredibly undervalued situation with as
much as 400% upside, which
rather amazingly subsequently occurred extremely rapidly in just
under 2 months that was somewhat inspired by the huge surge in the
price of Energy.
We also recommended and participated
in two other 5 cent issues that rose 540% and 2,100% intra-year,
typically ignored by most...
Azco - Mining Inc: A Dynamic
Year Ahead
With Azco we've had the luxury of
being able to build a significant position in this extremely
undervalued turnaround situation and now believe that because of
positive events unfolding within the company and unbelievably
valuable proven in-ground reserves, already well in place and
now becoming increasingly recognized as growing even
more valuable, due to rising costs of virtually all
raw materials: These prices may not remain for much longer. Azco's share
price AZMN has built a massively extended and dynamic two
year basing formation that utilizing time tested technical analysis or
mathematically proven measurement techniques, actually
project Azco's share price to new all time highs in the
range of $3 ~ $4. And, that's not all: Azco's price history
is sufficiently dynamic to ultimately project prices as
high $8 to $10 and thereafter, could potentially
follow in the footsteps of Headwaters Inc HDWR to as high as $30+.
Before you say, no way, or this is
unimaginable: 'Never Say Never'. There's a lot more to Azco than
meets the eye so let us examine a time line that could
realistically send Azco's share price into the stratosphere,
because any way you cut it, the ingredients are there and add
to that the Golden Rule of Investing - Stocks that
have down to flat years, especially 2 years in a row,
not only tend to trend higher, but sometimes can accelerate
considerably higher, as momentum off the basing action
gathers traction and increases buying. But in the case of
Azco AZMN, something even more scintillating is technically
unfolding.... A massive 2 year long reverse head and
shoulders basing formation that just broke the neckline
or 4 month downtrend as of early January, setting the stage
for a big breakout:
How much higher is hard to determine,
but the above numbers are not only possible, but dooable and more,
especially if our analysis proves correct and Gold soars to as
high as $1,500 per ounce in 2009 as we believe it well for many
compelling reasons we will begin to outline as the year unfolds.
You can wholeheartedly believe that if Gold soars that high,
stocks with 'proven Gold reserves' will also.
Now read this recent excerpt, from a fairly new
Azco Investor, about what he sees ahead and why he, like us, is
ultra-bullish on Azco:
"Although Friday's trading is
only one trading day out of the year, today's trading in Azco
means much more than the price per share: This one is really a
'keeper'. I own 200,000 shares of this stock and I can't
wait to see it a year from now. Barring any unforseens, this
company and its prospects look spectacular. Comparing it with a
company like SIRI trading at $7.50 a share with hundreds of
millions of dollars in debt and a promise of sometime in the
next 5 years of possibly turning a profit..." 'Not only
that. Last month, Azco's CEO publicly declares that he sees
$100 Million to the bottom line off just a quarter of
our reserves: That is a forward looking statement and
carries truly immense implications for Azco's future. This is an
institutional no-brainer'. "Wall Street really
gets it backwards at times"!
From Humble
Beginnings... To a Great Future *
See Below
There is a curious relationship
between Azco and Ampex Corp. Both companies were the recipients of
overnight riches of $40 Million, but which is company is
really more valuable today? Arguably, it could more
likely be Azco. Firstly because Ampex still has $89.69
Million in debt and secondly, even though it has 600 patents and
applications that make up its intellectual property and future
value, technological breakthroughs are happening with
such speed today, such future values could easily
be eclipsed and to some extent it is vitally important for Ampex Corp
to win additional settlements and lawsuits, so it validates its
patents and consolidates leadership.
On the other hand: What has Azco gained from
the $40 Million it created out of nothing and received for the two copper
deposits it discovered? Actually a great deal. First: It
leveraged its windfall into acquisition of one of the
World's largest, purest and richest Mica and Feldspathic Sand
formations, that has potentially one of the most profitable
mining models in existence and has already invested upwards
of $20 in infrastructure developments. And Second: It has since
recently acquired one extremely valuable Gold property with proven
reserves of 2 Million ounces with gross in-ground
valuations of both properties that arguably could be worth well
over $1 Billion.
Based on its 2003 10K filings, Azco's
book or enterprise value should be $9.19 Million. That alone
values Azco at 50% higher than today's market value or
around $5.85 Million, or $0.23 per share, which
way out of date and is kind of like valuing house prices in the
90's and doesn't take into account, the in-round assets described
above since acquired, but much more importantly, these initial
2003 numbers do not take into any account Azco's stunningly
successful and potentially enormously valuable acquisition of the
Ortiz Land Grant in September 2004, one of the few
remaining uniquely large mining reserves in the United States. The
Ortiz Land Grant covering some 90 square miles, is a geologically highly
prospective 57,391 Acre property containing 2 Million Ounces
of proven Gold reserves and also holds potentially enormous
additional exploration upside including, silver, tungsten,
molybdenum and base metals such as Nickel and Copper and
probability of additional Gold, in part already determined
by 386,000 feet of drilling outlined in 1,500 drill
sites.
As Gold remains buoyant, Azco becomes
increasingly undervalued. In fact, since Gold established a new
range around $440, gross values of Azco's Proven Gold
Reserves potentially equal almost $900 Million and that is without
factoring in the additional probable reserves easily
approaching 1 Million ounces, thought to be evident at Ortiz
Gold. Add to that an approximate gross value of Azco's
appraised and proven inground reserves of Mica and Feldspathic
Sand and you are looking at somewhere around $700 Million for
a staggering total of $1.6 Billion plus, with net asset values of
some $400 Million, assuming a $220 per ounce cost of production for
the Gold and $300 Million for the Sand and Mica you
still come up with a significant 'net valuation' number in
the realm of $700 Million.
If you divide that by 10, at $70
Million Azco is still about 10 times undervalued at today's
prices, so any way you cut it, Azco means value. In fact, as
has been pointed out by other investors that Azco is
really worth as much as $5 per share and now that Dr
Carson sees the potential of $100 Million to the bottom line from
just the initial 1.03 Million Ounce of Gold in the two open pit
deposits, those kinds of revenues would put Azco on the
path of becoming a Billion Dollar Company. That may seem like a
stretch, but if we had said the same about Headwaters HDWR
back in '99, it would in all likelihood have been met with
the same kind of skepticism or ridicule...
Azco has already been compared to
Headwaters Inc HDWR. We strongly recommended this in
late 1999 and made one subscriber over $1 Million. It probably
had well over $1 Billion in inground assets then, but for all the
usual perplexing reasons, the market gave no recognition it
deserved for what it had as it slumped to multi-year
lows at .50 cents. But just like Azco, it had what it had,
and slowly but surely, investors began to recognize it for
its true value and steadily, methodically, it's been
growing in leaps and bounds.
In fact, HDWR was just recognized
by Forbes as the 2nd fastest growing company in America with
a market cap of over $1 Billion. So the lesson is: It can happen
and one should pay great attention to and appreciate any
company that has proven assets, because they have indisputable
value. It even makes Azco a potential takeover
candidate, because as owner of one of the largest Gold deposit
acreages in the US with its massive 57,267 area equal
to about 90 square miles, it is on a scale of the King Ranch in
Texas, one of the US's largest. Large undiscovered properties
in the United States remain elusive these days rendering Azco's
acquisition special...
Moreover, just two short years ago,
Wheaton River Minerals Inc WHT had a market cap of $20 Million and
has grown to a staggering $2 Billion market cap today. Could
Azco's market cap grow from $7 Million to $700 Million? Again:
"Never Say Never": But, the real likelihood of at
least a 10 fold increase to a $70 Million market cap, is not
only deserved, it does appear possible, as Azco continues
to execute on its strategic Agenda and continued acquisition
aspirations by continuing to identify and acquire high quality
Gold, Silver and Copper resources as outlined by its
President and CEO, Dr W Pierce Carson in various
publications and very positive interviews.
Remember how Azco started out...It's
really an incredible story of how a little known company went out
and discovered two hugely significant Copper deposits, selling
them almost overnight to mining giant Phelps Dodge for windfall
profits of $40 Million net and then leveraging this into
acquisition one of the world's largest mica and felspathic sand
formations. Now it has since pulled off the
unimaginable a year or so ago, in recently acquiring one
extremely valuable Gold property with proven reserves of 2 Million
ounces, with potentially enormous ongoing upside discovery
potential, given the size, location and the especially conducive
geological structure of the formation. Many companies on
the NYSE and Nasdaq would dearly love to be able to report
windfall profits of $40 Million. Just recently Ampex Corp
AEXCA was in dire straits financially, when it received a $40
Million settlement from Sony Inc in a patent infringement case.
The share price soared from $4 to over $50. Azco not only
became beneficiary of a similar $40 million from its initial
discovery successes, but it has effectively just replicated
that its earlier success, by deftly acquiring two immensely
valuable World class properties with potential gross values of
$1.6 Billion and net asset values approaching $700 Million with additional
upside.
Now with one of the World's
foremost explorationists at the helm, with not only a proven, but
stellar track record for creating wealth Dr. W. Pierce Carson has initiated
a new and revitalized exploration, acquisition and mining
agenda for the 21st century for 'our Azco'.
His 33 year career record for raw
exploration around the world leading to significant
discoveries and acquisitions, is quite unparalleled.
Dr. W. Pierce Carson with a PhD in
Economic and Structural Geology and MS in Ore deposits from
Stanford University and a Bachelors Degree in Geology from
Princeton, has an accomplished international mining career
spanning 33 years with extensive experience in directing
exploration and development and mining of base metals,
precious metals and industrial minerals projects.
Exploration and Mining Career
Highlights:
Early in his career, his geologic
work with a small exploratory task force at Exxon Minerals on all
five continents of Central and South America, Asia, Europe and
Africa led to major exploration programs in Australia, Chile,
Germany, Spain and South Africa.
Responsible for all precious metals
exploration activities in the United States and Canada at Kennecott
Copper Inc: A property that he identified and recommended for
acquisition was acquired and developed by Kennecott: Subsequently
became a significant gold-silver producer.
- Acquisition of the Tabar Islands
gold property, in a joint venture with Kennecott.
- Discovery of the Kurara gold mine
in Western Australia with subsequent successful financing,
development and operation of the mine.
- Discovery of Emu South gold mine
in Western Australia, joint venture of the property to Western
Mining and subsequent sale of interest and $40 million
distribution to limited partner investors.
- Completion of Ramu nickel
pre-feasibility study based on pressure acid leaching.
- Acquisition of the Girilambone
copper property and design of the technically innovative and
highly successful SX-EW processing system.
- Arrangement of financing for
Girilambone mine development through joint venture participation
and bank debt. Implementation of hedging programs.
- Successful operations of the
Girilambone copper mine and the Kurara gold mine.
- Discovery of Tritton copper
deposit using state-of-the-art geophysical methods.
- Purchase of Kennecott's interest
in the Tabar Islands gold project.
- Acquisition of the Johnson Camp
copper mine and Tritton copper property in the United States and
Australia.
- Sale of Ramu nickel project, Papua
New Guinea and Sierra Rutile titanium mine, Sierra Leone.
- Arrangement of project debt
financing of $42 Million for copper and other mines.
Azco's objectives are
to bring its properties on line and into full production as
quickly as possible to satisfy the rapidly growing demand for exotic
minerals and the increasing demand for Gold that is driving today's
price to 16 year highs. It's happening right now.
Azco's
Strategic Mission simply
put is:
"Through
strategic acquisitions using its experience and expertise in mining
and markets, AZCO's aim is to enhance shareholder value and build a
strong cash-flow driven resource company with significant
sustainable revenues annually within the next three years"
Frankly, with today's buoyant Gold
market, any serious fund manager worth his salt, learning or
knowing of Dr. Carson's extensive career experience and
leadership, would probably want to bet very big on Azco, given his many
initiated projects from startup to sale, cumulatively creating
great wealth for his investors.
As we have said earlier
and we wholeheartedly cannot underscore this enough:
When You Think Azco - You Have To Think
of Azco as being Extremely Undervalued, for all the
reasons we've outlined:
It has been many
months since we started publishing Investment Intelligence
and we are honored by your participation as we grow ever
larger, now with thousands of readers. In response we have
attempted to share with you potentially life changing information
that in many cases had investors taken advantage of could
have done just that: Changed lives. While Wall St frustrated investors during
much of the year, many of the issues we've highlighted are
still trending higher, in particular HWG, which we brought to investors
attention back in late June at $48.48 through an associated
publication traded recently at an all time record high of
$120 plus well over 100% from where it was recommended
just a few months ago. The same can be said for numerous
other issues we have profiled in particular AEXCA, IDSA, RIV
all of which have soared exponentially and is something we confidently
foresee for Azco in the future.
So when you ask why are you all so optimistic about Azco and our
other Portfolio Builders? The answer is: While we were fortunate
to pick numerous winners for our trading portfolio, while they can
and have delivered 100% plus gains in just a few weeks or months
in some cases, we sincerely believe and strongly feel that Azco
and our others represent lifetime return potential in the 1000
percentile.
If we're able enough to uncover
stocks with such huge potential better than just about any other
advisory service in the World, as we have done for most of the
past five years, then the stocks we call our Portfolio Builders
have what could be termed uncommonly bullish lifechanging
potential and we are resolute in our dedication to these ideas.
Simply put: We invest in value, because value wins.
Azco is a special case in that here at 15 cents it
really is absurdly undervalued... With AZMN, we've not only
already got it, there is an enormous amount of potential still to
come and maybe way beyond the kind of expectations that routinely
have Wall St drooling:
Why?
The company has clearly and carefully stated its
intentions.
"Through strategic acquisitions using its experience and
expertise in mining and markets, AZCO's aim is to enhance
shareholder value and build a strong cash-flow driven resource
company with significant sustainable revenues annually within
the next three years"
And if that's not enough: Consider
this excerpt from Dr Carson's recent interview with a year
end review and New Year outlook:
Excerpt
of Interview with CEO Dr. W. Pierce
Carson Dec 2004
EDS:
How much profit do you anticipate
from the Ortiz venture once lease payment and royalties are
considered?
WPC:
The lease payments are nominal.
There is a sliding scale production royalty related to the price
of gold, but generally the profit will depend on the operating
and capital costs. A one million ounce deposit at the current
price of gold, which is over $400 per ounce, would have
contained gold worth over $400 million. That represents
in-ground value. If it costs half of that to mine the ore and
extract the gold, you are left with a number of around $200
million that we could expect in cash flow. Of course out of that
you have to amortize the capital cost. That will give you an
idea. Out of the one million ounce deposit, we can expect over
$100 million as a bottom line profit number.
If that's still not enough, read again the
recent press release announcing Azco's acquisition of 2 Million
Ounces of Proven Gold Reserves:
There is a lot to digest in order
to understand the full implications of what we really
have. Seriously there are companies out there with market
caps in the hundreds of millions that don't have a tenth of what
we have. That is why we're especially bullish on this issue.
If there is one thing we've learnt in life, it is to never
underestimate how high stocks can really go. From being
appraised of HDWR Inc as Covol in early 1993 at an astonishingly
low less than 10 cents, only to see it soar in less than 3 years
to almost $35, left the very deepest of impressions and a
decision to never leave any stone unturned or look down the
nose at any issue, no matter how lousy the financials appear:
Like Good Kind Wenceslas following in the footsteps of Sir John
Templeton we selected a number of Blue chips
in 1991, all around $10 per share including Citygroup,
Chrysler and Ford. Who'd have thought that 'C' was headed
for 2000% upside. Since then we have uncovered some
spectacular winners that have risen like Phoenixes out of the
ashes of mediocrity to greatness...
|
| Press Release |
Source: Azco
Mining Inc. |
Azco Leases 2
Million Ounce Gold Property
Tuesday September 21, 9:45 am ET
GLENDALE, Ariz.--(BUSINESS WIRE)--Sept. 21,
2004--Azco Mining Inc. (OTC:AZMN
- News), a US based
mining and exploration enterprise with an emphasis on gold, copper and
industrial minerals, and owner of a large high quality mica deposit,
announced today it had entered into an option and lease agreement with
Ortiz Mines, Inc. covering 57,267 acres (approximately 90 square miles)
of mineral estate on the Ortiz Mine Grant, Santa Fe County, New Mexico.
Under terms of the lease, the Company is required to make annual lease
payments and to pay a royalty on production. Previous exploration and
development work on the property by other companies identified 2 million
ounces of gold resources in several deposits.
A preliminary feasibility study in 1990
on two of the deposits, the Carache Canyon and Lucas Canyon deposits,
concluded that at a gold price of $385 per ounce or higher, it would be
economically feasible to develop two open pit mines containing 1.03
million ounces of gold. Those two deposits have yet to be mined.
Historically, mines on the leased
property have yielded some 350,000 ounces of gold, including 250,000
ounces from the Ortiz Gold Mine (Cunningham Hill deposit) operated by Gold
Fields Mining from 1980-1986.
Dr. Pierce Carson, CEO, stated: "The
Ortiz lease fits the Company's strategic agenda of acquiring significant
precious and base metal assets. It represents an excellent opportunity to
acquire, under favorable terms and in the United States, substantial gold
resources with demonstrated potential for production. Furthermore, the
geology of the unusually large area under lease is highly prospective for
several styles of gold deposits and offers superb exploration potential
for discovering additional major deposits."
From 1972 through the early 1990's,
several companies carried out exploration and pre-development activities
on the Ortiz property. These companies included Conoco, Inc., LAC Minerals
(USA), Inc. and the LAC -- Pegasus Joint Venture (1989-1992). Expenditures
by these groups exceeded $40 million. At the Carache Canyon and Lucas
Canyon gold deposits, approximately 386,000 feet of core and
reverse-circulation drilling was completed. In 1989 the LAC -- Pegasus
Joint Venture started a decline adit into the Carache Canyon deposit for
the purpose of bulk sampling and to provide drilling access for shallow
and deep targets. However, after advancing 1719 feet the decline was
halted due to a temporary water inflow coupled with regulatory and
permitting problems. In the face of a declining gold price, the project
ultimately was cancelled.
The Carache Canyon gold deposit was
estimated to contain an open-pit minable reserve of 11.8 million tons
grading 0.06 ounces of gold per ton at a waste-ore ratio of 8.3:1. The
Lukas Canyon gold-copper deposit was estimated to contain an open-pit
minable reserve of 7.6 million tons grading 0.043 ounces of gold per ton
and 0.22% copper, at a waste-ore ratio of 2.2:1. These estimates were
based on a gold price of $385.00 per ounce. The Carache Canyon deposit
occurs in andesitic sills and sandstone around the margins of a collapsed
breccia pipe. The Lucas Canyon deposit is developed in a garnet skarn.
A 1990 pre-feasibility study carried out
by the LAC -- Pegasus Joint Venture concluded that economics would be
positive for open-pit, heap-leach mining of the Carache Canyon and Lucas
Canyon deposits at gold prices over $325 per ounce, assuming a discount
rate of 10%. Production was projected to average 83,500 ounces of gold and
103,444 ounces of silver annually over a nine-year period. Operating costs
for one mining scenario averaged $222 dollars per ounce of gold produced.
Capital costs (1990 dollars) ranged from $59 million to $75 million
depending on whether contract mining would be employed. The study
concluded that the numbers quoted were conservative and that significant
improvements in capital and operating costs would be possible. The study
also considered the project to have excellent upside potential to increase
both the minable ore reserves and grades. However, the study listed
several areas of concern that must be addressed before a production
decision could be made, chief among them permitting difficulties to be
overcome, water rights to be obtained and bulk sampling to be completed.
Dr. Carson said that in addition to the
potential for open pit mining, the Company also would be looking carefully
at the possibility of underground mining. He noted that the drilling data
for Carache Canyon showed areas of high-grade gold intersections that had
not been evaluated for their underground mining potential. He noted also
that metallurgical studies of Carache Canyon ore indicated that, after
grinding, a gold recovery of 90% plus could be achieved in a gravity
circuit. If additional work can define discretely minable high-grade gold
ore bodies, then the approach of underground mining and gravity recovery
would offer significant advantages in dealing with permitting issues and
would facilitate the project moving more quickly towards production. Such
an underground operation would involve minimal surface disturbance, clean
processing of ore and utilization of relatively small amounts of water.
The 90 square-mile Ortiz property is
underlain by mid-Tertiary monzonite and latite porphyry stocks, plugs,
dikes and sills that have intruded Paleozoic to early-Tertiary sedimentary
rocks. Late-stage volcanism resulted in the formation of breccia pipes and
fracture zones that provided access for hydrothermal fluids carrying gold,
silver, tungsten, molybdenum and base metals. This terrane holds excellent
potential for additional discoveries, and several partially tested
prospects have been identified, three of which have been shown by limited
drilling to contain insitu geologic resources respectively of 60,000,
60,000 and 105,000 ounces of gold. About half the Ortiz property is
covered by Quaternary gravels derived from the outwash of adjacent
mountains. Several promising exploration targets beneath the gravel cover
also have been identified.
The Company currently is beginning an
assessment of the large amount of technical data available. This review
will focus on the production potential of the Carache Canyon and Lucas
Canyon deposits, and on other targets that could have the size, grade and
other characteristics sufficiently attractive to justify further
exploration and development. The review also will include all factors
important for successful development and mining, including regulatory,
permitting and site access issues. After evaluating the technical
information and assessing the major risk factors, the Company expects to
be in a sound position to formulate a plan and budget for additional
exploration and development.
Azco Mining Inc. is owner
and operator of the Black Canyon mica deposit near Phoenix, Arizona, a
large mica resource containing a drilled reserve of 422 million pounds of
recoverable mica and 3.7 million tons of by-product feldspathic sand. In
2003 and 2004 the Company sold limited quantities of mica and of its
engineered mica-filled plastic pellet product to a major company that is
an important producer of plastics for the automotive industry. Mica is
increasingly used as an additive in plastics for its reinforcing
properties and for its ultra-violet and heat resistant characteristics.
The Company also has supplied mica to a leading global cosmetics
manufacturer.
The information contained
herein regarding risks and uncertainties, which may differ materially from
those set forth in these statements, in addition to the economic,
competitive, governmental, technological and other factors, constitutes a
"forward-looking statement" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, the Private Securities Litigation Reform
Act of 1995 and is subject to the safe harbors created thereby. While the
company believes that the assumptions underlying such forward-looking
information are reasonable, any of the assumptions could prove inaccurate
and, therefore, there can be no assurance that the forward-looking
information will prove to be accurate. Accordingly, there may be
differences between the actual results and the predicted results, and
actual results may be materially higher or lower than those indicated in
the forward-looking information contained herein.
Mission Statement
December 2003
"I intend to
redirect the strategic future of this company to include identification
and acquisition of high quality Gold, Silver and Copper resources".
Dr. W. Pierce Carson
President and CEO
Azco Mining Inc
Azco Acquires
2 Million Ounce Gold Property
Tuesday
September 21 2004
Dr
Carson sees $100 Million Dollars to bottom line from Gold acquisition
"Out
of the one million ounce deposit, we can expect over $100 million as a
bottom line profit number"
'Azco is
a company that has a great future'
W. Pierce
Carson PhD
*
Interview Summary - December 2004
"We believe Azco is a
company that has a great future. We have a large shareholder base of
around 7,000 shareholders. We have highly experienced management capable
of taking the company forward. Our focus will continue to be on the
acquisition of only high quality projects, ones that can weather the
commodity cycles and still make a profit.
So, from an investment
perspective, I believe Azco has the key ingredients of a great investment
–
Quality people, quality assets and a good plan for going
forward".
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