In the end it’s all about results. I am excited about what the Ibaera guys can do with fresh eyes and a big wallet on a good orebody, and I have no doubt that the 2.1moz resource can increase. What needs to happen is to see the reserve push over a million ounces so the errors in the old feasibility can be corrected and this get the rating it deserves. Cardinal is capped at $24/oz and west African at $97/oz. Azumah at $7/oz is just too cheap.
AZM Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
