I think it's worth mentioning that our peers with regular top 5 drill results last year, Alkane Resources & Musgrave Minerals, both released updated MRE'S this week. Alkane was a whopping 10 Moz gold eq, and Musgrave was 927,000 oz gold.
Despite the positive ann's, both ALK & MGV sp has hardly moved. The possible reasons being that ALK'S resource is very low grade and very large with a lot of it underground, thus very longtime to production if it even gets there this decade. MGV'S sp didn't move much because of the lack of path to future production development
AZY out of the 3, is the company that is moving towards rapid production development, and the re-rate for AZY is inevitable
Ann: Results Confirm High-Grade Gold-Copper at Depth at Minyari, page-113
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