AZY has 3.8Moz eq. If we apply the same in the ground valuation of $416 (Aus) as Sprott did for GGPs sub level open stope resources (and it has to be said a lot of AZYs gold/Cu is near surface so this might be conservative) this would give a valuation for AZY of c$1.6bn. That is no doubt a bit ambitious at the moment but at some point NCM will get keen on the relevant proportion of this gold and copper and the market will wake up to the value. Holding on now should be lucrative once this happens, imo.
AZY has 3.8Moz eq. If we apply the same in the ground valuation...
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $28.20K | 2.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 13918463 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 9978051 | 12 |
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| Last trade - 15.57pm 03/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |