Nice work Viper.
Its interesting, because large mining companies have been prepared to take over explorers at prices less than $90/oz over the past 20 years.
$45 / oz is considered to be a value acquisition.
So, using your number of 2,063,000 oz at $45/oz valuation of gold in the ground = $92.8 million which is 3.8 x its current market cap.
Definitely a take over target at this price.
I would put a fair valuation of AZM at around $0.15c right now.
This company is undervalued at these prices IMO
- Forums
- ASX - By Stock
- AZM
- Ann: Julie West JORC Update Adds 69koz @ 4.4g/t Mineral Resources-AZM.AX
Ann: Julie West JORC Update Adds 69koz @ 4.4g/t Mineral Resources-AZM.AX, page-7
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online