I agree that POG is a major factor holding AZY back. It's rough going for everyone, and gold dropping into the $1500's is a real possibility.
Once again, patience is key. DeGrey Mining started out in Y2000 when gold avg $279oz, it took them 20 years before they hit a home run, & long suffering, loyal holders were rewarded handsomely. GGP began in 2005, gold avg $445oz, it took them 13 years to hit it out the park.
AZY has been around for 10 years, today's gold avg $1670,...20% down from 5-6 months ago. AZY has discovered 5.5Moz gold eq. in their time in the Paterson. And over 16Moz gold, and 3Mt copper discovered in last 6-7 years in & around AZY'S ground.
Anyone with a long-term view will be rewarded, either by a re-rated increased POG, or by future tier-1 discoveries continuing in & around AZY'S ground.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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18 | 5290251 | 0.011 |
39 | 15469987 | 0.010 |
27 | 9844378 | 0.009 |
13 | 5563090 | 0.008 |
Price($) | Vol. | No. |
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0.014 | 4635500 | 10 |
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