Welcome thegooch, what's your take on the analyst who value the likes of AZH at 200$ in ground an oz, some even less. Given that figure and the genral consensus that we are looking at around 1.2mil oz first up, the current mc would be about right. In line with one analyst valuing them at 72 or 75 some months back. Nice call. IMO, the market sees things a little differently on this occassion. Sitting in a belt of 100mil oz > and having control of 10% of that country, could be possibility of 10mil oz. Well , let's not dream too big just yet and say we hit 1/3 of that. 3million oz.> And that's not talking about the "elephant". As you say, keep drilling and adding to the pot, I'd say they are being watched very closley now as it is.
AZH Price at posting:
72.0¢ Sentiment: LT Buy Disclosure: Held