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.
I agree that POG is a major factor holding AZY back. It's rough...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $27.39K | 2.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 12064983 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1634543 | 1 |
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| Last trade - 12.25pm 05/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |