Ann: Quarterly Activities Report-AZM.AX, page-12

Thanks, so now that they are cashed up having already provided extensive drilling to establish current JORC resource & reserve, we should potentially see a a good climb from these prices especially with any increase in POG.
I still can't justify the low market cap with the amount of gold this company has. I'm guessing it must of been oversold by holders maybe in fear of a capital raise and chasing other opportunities while the company increases their cash holdings?