AZH 0.00% 24.5¢ azimuth resources limited

management still owns 15% of the company, page-11

  1. 1,890 Posts.
    I think the value is still there and people are still buying on the proviso of not just a 1mil/oz + maiden , but the implication that there should be much more left to uncover.

    Typically if you get a maiden jorc over 1mil/oz (discovered in short time frame) , you're looking at least at a 3mil/oz+ deposit.

    The really value imo , will be the likely grades over 2g/t or better. This puts the deposit into a rare category of open pittable at a much higher than industry average grade for such mines . Exactly what larger miners looking to make aquisitions are looking for.

    I think expectations of 1mil/oz+ at 2.2g/t+ maiden are probably on the money and the Sp currently factoring in the likelihood of more to come.
 
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Currently unlisted public company.

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