AZM 3.57% 2.9¢ azumah resources limited

Methinks that they will get reserve well over 1 million oz as...

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  1. 707 Posts.
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    Methinks that they will get reserve well over 1 million oz as the scale and thus mine life has a material impact on overall economics.

    The current reserves are too small to justify the mooted capex - but double the reserves and the numbers will improve significantly.

    In addition, if they can find a lot more higher grade tonnes, then the economics will be even better than if its just more tonnes at the same grade.

    Lots of targets = lots of money for drilling - so little time!!!!

    This is a foretaste of better times ahead.

    A company valuation north of $100m should be a walk in the park if the drilling programme has further great results like today...
 
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Currently unlisted public company.

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