GRY are a better prospect I think, that's why they are trading...

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.