I agree with SP in that whilst AZM results are encouraging - they are not yet in the same league as the likes of RedBack and Perseus.
Overnight RedBack (TSX : RBI) announced multiple 100m width intersections of 2-3g/t. Perseus recent drill results included 40m to 100m intercepts of greater than 2g/t.
AZM are in a much earlier exploration stage - so still may find greater widths of mineralisation - and the price will respond accordingly.
Happy to hold - having entered at around 20c.
sents
AZM Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held