Azumah Resources :- A Gold Explorer in Northern Ghana.There are...

Azumah Resources :- A Gold Explorer in Northern Ghana.

There are several "junior" gold Companies with operations in West Africa and AZM is but one. It attracts little attention and has only recently begun an upward surge in Share Price,, Mainly due to the recent Drilling Results and the Upgrade of its resource base.

Most of the West African "GOLDIES" surged in Share Price today, based on a Rising Gold Price. However, AZM is still very Undervalued when compared with one AMX - Ampella Mining.

BOTH have a Resource Base of just over 1 Million Ounces ( AZM 1.1 Million and AMX 1.2 Million ounces Gold ). What makes these two more comparable is their close Proximity in a Greenstone Quartz Gold Bearing area. AMX is in Burkina Faso with AZM just across the Border in Northern Ghana.

Share Price AMX = $1.525 ( today )

Share Price AZM = $0.435 ( today )

As you can see, there is a significant difference in SP which leads me to conclude that AZM is VERY under valued by comparison.

Disclosure - I own Stock in both.