AZH 0.00% 24.5¢ azimuth resources limited

Ann: West Omai Inferred Gold Resource Increases t, page-5

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  1. 8,598 Posts.
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    re: Ann: West Omai Inferred Gold Resource Inc... Toxic eh! Pinetree (do some research on them) don't think so, they own 5.5% , MQG don't think so, they own 19%. More the problem is that doesn't matter what announcements you make or how many the Directors buy, those that want to manipulate the sp for whatever reason can do so and not a damn thing anyone can do about it. The debate is still on as to how to value in ground resource of gold explorers. some say 100 oz others prefer 200. 1.65 million oz at 200 is a fair value for this is $330,000,000. Nearly three times current sp. Last broker valued them at 80 cents. Pretty close. Some big mob buying this company for 80 censt a share is still getting a a bargain. Estimated $400 extraction costs at this project and many more resouirce upgrades to come.
 
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