screen shot of AZY website today 07/07/23
With NST'S purchase of the 346,000oz Millrose deposit, only 246,000oz is in the indicated category. Compared to AZY'S Minyari Dome Project, which has 1Moz @ 1.4 g/t in the higher confidence indicated category, at the same open pittable depth of 300m as the Millrose deposit.
And in a gold equivalent basis, Minyari Dome has 1.44Moz @ 2.4g/t eq. indicated gold oz's. So approximately 600% higher amount than Millrose's 246,000oz in the indicated category. And Minyari has 25% higher grade also.
Yet the price tag NST paid for such a small deposit, is 50% higher than AZY'S current MC. When in fact AZY has 2.6Moz @ 2.4g/t gold eq, just at Minyari Dome alone. This completely defies logic, in regards to AZY'S current valuation.
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Open | High | Low | Value | Volume |
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13 | 4139850 | 0.012 |
20 | 6538526 | 0.011 |
28 | 9462988 | 0.010 |
16 | 8016316 | 0.009 |
Price($) | Vol. | No. |
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0.014 | 7003868 | 16 |
0.015 | 6212599 | 11 |
0.016 | 4822964 | 8 |
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