GRY are a better prospect I think, that's why they are trading much higher.
Banfora looks to have more obvious upside imo. I say that because their current deposits are very open and within 15km of Nogbele they have already got some drill ready targets with good grades and widths already encountered. And, I actually think GRY are overvalued by about $20m at the moment. Their current EV to oz au is $77 where I think $50 might be more reasonable at this stage of their development.
AZM's EV to oz au is currently $48, which I also think is a little high. The market is factoring in another significant discovery I think, and it's no certainty. What is certain however is that Julie/Collette/Josephine will bring in close to 300k ounces JORC early next year, taking them over the 1m mark.
80c?
Based on what? A flip of the coin I guess.
At 80c that gives them an EV to oz au value of $156. More than LGL or NCM. Dreaming, unless they discover something huge.
Still very much a junior explorer with some fertile ground. Until they firm up over 1m ounces, they are off the map.
- Forums
- ASX - By Stock
- AZM
- african queen
african queen, page-2
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online