Australia's largest stock trading and investment forum Australia's #1 stock forum

AZM

Click for more information

0.00%

3.2¢ azumah resources limited

I do agree with all of that and it looks a terrific play... but...

First 3 Last

Share
Profile

Follow
rolf2903

11,517 Posts.

1647

09/05/18

09:25

Post #: 32973292
Share

Originally posted by doubledeckerdog ↑

A reserve target of 1.0 million Oz was never out of the question - more a question of how long it would take to prove.

I actually reckon they are shooting for a much higher reserves target as this will be a mine camp with lots of satellite ore bodies that will support a long mine life.

Yesterday's results tell me that they will get to teh reserves target much sooner than the market currently thinks.

The market is still a tad cynical about AZM because it ran out of money during the gold bear market.

That is no longer an issue with Ibaera on board and a huge campaign under way.

If they can move average grades up with additional high grade tonnes below the open pit resources, then average unit costs will tumble and the valuation will move materially higher.

All aboard - lots more good news still to come.........

GLTA

Expand

I do agree with all of that and it looks a terrific play... but it does look likely to get smashed today based on sell depth. Lots of shares seem ready to be thrown into the buyers so it could get a bit ugly for anyone worried about short term price

AZM Price at posting: 3.6¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

There are more pages in this discussion • 4 more messages in this thread...

First 3 Last

Add AZM (ASX) to my watchlist