Looking forward to achieving a nice gain on this one that's been flying under the radar.
Seems cheap when compared to peers, who all look cheap on an oz count basis anyway.
In expectation that the current drilling will get them to the 1m oz mark, where people start to take notice, they will sit comparably with Ghana stable mate GRY. GRY Mkt Cap is currently more than 2x. Sprinkle in a bit of media, momentum, gold price run and rerating of the sector and 80c doesn’t seem too unreasonable for a short term target IMO.
SBL is another Ghana gold play that might shape up nicely too.
AZM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held