This is one of those stocks where the SP totally relies on the...

This is one of those stocks where the SP totally relies on the POG. I believe we are in the first stages of a new Gold bull market. AZM will multiply once gold exceeds US$1400, considering its exceptional asset:
- Extensive drilling completed for 2Moz
- JORC Reserve 640,000 Oz at 2.14 g/t. There aren't many open pit mineable resources >2g/t in the world left.
- Exploration upside. On the exploration front there is strong correlation between rock chip/ auger results with drilling success. Now AZM are cashed up they are able to continue their drilling, which they had to pause for a few years due to a lack of cash. It is not a matter of IF they will increase their resources but by how much?

Last few years has been about survival for this company. When they had cash their resources grew at an extremely fast pace, and so we should see some great announcements in the medium term. Short term this should rise as money re-enters the West African gold market sector.