"In a recent note, Cannaccord upgraded AZS’s price target with its valuation centring on AZS defining 120Mt of resources over time.
“Fortuitously, our 120Mt fits neatly into the Exploration Target, and is half of the 240Mt upper range. We reiterate our Speculative Buy recommendation and $3.20 price target,” said the note from Canaccord." When I read that, and given my personal belief that 240Mt will be a minimum, I read 6.4 as the price target. This could explode whenever everyone agrees that TA2 and 3 exploration target has been lowballed big time and 240Mt eventually becomes the minimum target. Getting there may not take that long, couple of months maybe.... Will see, what do I know....
AZS Price at posting:
$2.50 Sentiment: Hold Disclosure: Held
