"More and more it looks as though the current resource will never see the light of day"
That is possible if the price of gold falls a lot.
My take on matters is that a cashed up company with solid exploration skills will eventually take it over for peanuts (unless the POG goes ballistic) and develops a mine when they find more gold one fine day.
AZM is a value trap. Who would give them more money to burn on exploration and admin?
However, I need El capo's view to confirm what I have written to feel confident of my analysis. I wonder if he is still waiting for the POG to retrace to USD1200? I hate to think what would happen to our beloved goldies if that were to happen. El capo made a lot of interesting calls on AZM using his STI (whatever that may be).
Good luck to all.
loki
AZM Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held
