AZM azumah resources limited

azm vs sbl

  1. 5,879 Posts.
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    Hi guys,

    This is my first post on the AZM thread.

    I am currently holding SBL (Signature Metals) a very comparable gold company in Ghana.

    I am also looking seriously at AZM. For those of you who are aware and have looked into SBL how would you say they compare?

    Though AZM does have really high greenfield growth potential and strong financial backing, SBL is looking very unloved and about to go into early production next month.

    Both seem to have very similar goals and ambitions but are approaching them from a different angle.

    SBL is about 1/3 of the MCap of AZM but has higher JORC resource even when taking into account the 70% ownership stake. SBL also is about to embark on aggressive drilling, but I don't think it will be as aggressive as AZM

    Anyway, this is in no means a cross promotion. Just interested to see is anyone has done a comparison.

    Cheers
 
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