CEO Interview: Michael Hopley, Azarga Metals

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 


WOW. What a three months it has been. Things appear to be relatively better now, but I was very worried. At its worst, four major U.S. stock market indexes were down an average of 37.5% from all-time highs set in February.

I feared stocks would keep falling and that copper would trade under US$1.50/lb. for a long time. Luckily, that scenario did not play out. I don’t know if we’re out of the woods yet, but copper is up nearly 20% from its March low. Perhaps analysts realizing that long-term demand for EVs has remained largely intact breathed some life back into Dr. Copper? Look no further than Tesla’s sky-high valuation (US$190 billion) for proof of concept! 

Silver, although trailing behind gold, is up, so no worries there. I never claim to have any keen insights on commodity prices, but this time may be different. So much new debt and money printing, with no end in sight…. So much uncertainty from COVID-19…. Precious metals are in a bull market that could be epic & long-lasting. Silver frequently outperforms gold in bull markets, that means there’s a lot of catching up to do. 

With this in mind, I revisited my favorite Russian copper-silver play Azarga Metals (TSX-V: AZR)(EUUNF) by interviewing its President & CEO Michael Hopley. We had a wide-ranging conversation in which a key takeaway is that A LOT IS HAPPENING at the company! {check out the new June corporate presentation}

Impressive drill results & favorable metallurgical testing data was released, and a new resource will be out in a few weeks. If the resource estimate is strong, management might commission an optimized PEA.

Mr. Hopley could not tell me much regarding the parameters of the upcoming resource, but in a prior press release management stated that 15 diamond core drill holes (5,572 m) extended the strike length of stratabound copper-silver mineralization from 3.4 km to 6.5 km (+91%).

The current resource is 62M tonnes. Given a 91% strike extension, I would not be surprised to see 90M or 100M tonnes, which could result in an Indicated & Inferred resource approaching two billion copper equiv. pounds. Several near-term catalysts could be impactful and the Company is well funded. Please continue reading to learn more about Azarga Metals and its investment thesis. 

1 2 3 4
View single page >> |

Disclaimer: Please always see disclaimers at bottom of page...

Disclaimers / Disclosures: The content of this article is for information only. Readers fully understand and agree that ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.