Welcome hard man, I haven't read your posts, but AZH is a quality stock.
11 million ounces! We can dream, but like goochie says, there is alot of drilling and cap raising.
Just to keep things in perspective, the more enthusiastic posters need to keep an eye on the market cap in comparison to a few other goldies.
AZH 300 million market cap, lots of good hits but no ounces on the board. GRY, 450 million market cap, 2 million ounces on the board, more expected, 200,000 ounce pa mine plan and a heap of cash on hand. PRU, 1300 million market cap, close to producing 200,000 ounces pa, plenty more targets and another mine in the pipeline. PVM, 250 million market cap, 4.8 million ounces on the board, PFS, progressing towards a 200,000 ounce pa mine. Plenty more strike to drill.
In the scheme of goldies, AZH has plenty of blue skies, but no ounces on the board. I would prefer that the shareprice stopped going vertical and went horizontal and let the ounces catch up, otherwise, if the market turns, the shareprice will also spike down.
Compare market cap of AZH to PVM which has close to 5 million ounces drilled up, positive PFS, more blue skies and you can see that either PVM is underpriced or AZH is overpriced, or maybe a bit of both.
Long term, AZH could go to a market cap similar to PRU (which I also expect to increase as they prove up more ounces and create more mines) so look for a shareprice three times today's shareprice over a timeframe of four-five years. That has to be better than money in the bank!
I sold a few yesterday, as the price needs a breather. Still holding plenty.
Sentiment, excellent long term hold, buy some more on pullback.
AZH Price at posting:
78.0¢ Sentiment: LT Buy Disclosure: Held
