end of the rainbow., page-9

Fair comments regarding valuations Rougue T, but many more factors seem to be involved in the market valuing a company. It would be nice to think a compnay had x in the ground valued at y so the sp should be Z. Not an exact science I'm afraid, but I know your aware of that anyway. For me it's a combination of things which will keep this sp bouyant if not appreciate even more. The fact they hold 10% of ground which contains > 100mil oz for one. I just keep flicking back to the map they display at presentations , qrtlys, etc. Neigbours with 13mil oz! The fact it's easy to get at and process, the fact they have only just scratched the surface and the results have been outstanding really, the fact they have long standing and strong relations with the govt, the fact the shares are very tightly held and a takeover would seem unlikely, the great board they have in place, , it all adds up to great things ahead, Not all speccies can tick as many boxes and a lot of buyers are realising it and also buying into potential. A valuation was put on them the other day at 1.3mil oz @ 200$ and oz, value 75 cents. Still a ways off that yet and if they come in over 1.3mil oz! A lot of gold juniors are undervalued compared to what they have confirmed in the ground, no doubt, but I wonder what the market doesn't see in them that they see in AZH. Most of the above maybe, I'm not sure.