Just watched the "Money of Mine" YouTube podcast tonight, and it gave me a good dose of realistic expectations for AZY'S near term future. Magnetic Resources was featured as a possible takeover target for Red5, on tonight's episode.
Suprisingly, Magnetic Resource's current MC is $412 million! But in fact they have less than half the resource of AZY!...They're valued more than 8X times than AZY'S current market cap!!!
Of the 1.8Moz gold at Minyari, 1Moz is at open pit depth, and in the indicated category, and larger than Magnetic's open pit project. So AZY'S Minyari Project is superior in grade, and has copper and silver. The total combined attributable gold of AZY 2.6Moz, is triple the gold of Magnetic Resources!
Magnetic Resources
Open pit Mining inventory of 16.03Mt @1.71g/t Au, containing 883,000oz gold.Total life of mine
production includes approximately 84% Indicated and 16% of Inferred Mineral Resource with
the Indicated resource forming the basis of the production schedule in the first 6.5 years.'
Just watched the "Money of Mine" YouTube podcast tonight, and it...
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Last
3.6¢ |
Change
0.004(12.5%) |
Mkt cap ! $171.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.7¢ | 3.3¢ | $1.290M | 36.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2642352 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1976651 | 5 |
View Market Depth
| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| AZY (ASX) Chart |