AZM 0.00% 3.2¢ azumah resources limited

burning through shareholders cash, page-3

  1. 12 Posts.
    Going to be really hard for these guys.
    The resource looks ok and the head grade is pretty good. csah cost @$802 is probably on the low side. Neat little project but hard to see it getting up in this environment with such a low market capitalisation. MD seems more of a geologist than a miner - never good. will probably revert to lesving the mine development on hold to wait for someone to take them over. just hope they don't run out of money in the meantime
    Lots of these sorts of explorers around with no hope of moving into production.
 
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