The whole project and exploration potential is now very attractive at the current POG. Rule of thumb for the producing goldies is that every $100 rise in POG = 15% rise in SP. But for this company every $100 rise above US$1200 puts this in 'Bagger' territory (especially attractive for M&A).
Ann: Appendix 3B & 708A Notice-AZM.AX, page-3
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