At the moment MC for AZM is around 14M with 4M in cash. With 2+ Million OZ in ground with decent grade.
To me this represents a compelling valuation so I added to my position. I think AZM has been held back because people know CR is around the corner -- maybe in 6 months time, however as the SP goes higher as it looks like it wants to, CR would be less relevant.
This is a real spec play but if POG hits $1600 in next 12 months, I expect this to be 5 bagger minimum because they will the funding.
AZM Price at posting:
4.6¢ Sentiment: LT Buy Disclosure: Held
