AZM 3.57% 2.9¢ azumah resources limited

Ann: Appendix 3B, page-16

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  1. 707 Posts.
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    Me too - but I admit being a bit frustrated.

    There are still lots of stale bulls in the stock which is hindering a more serious share price improvement.

    Sooner or later they will all be gone or they will revert and start believing in the potential of the resources that the company has discovered.

    I would love to know the discovery cost per oz of reserves/resources.

    It is probably multiples of current market cap adjusted for Ibaera stake in the project.

    As an aside i think 10c is probably a low target price - but we need the revised capex/opex and NPV info before getting too carried away!

    GLTA
 
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