Did anyone pick up on the Marengo mining release today? This is significant for AZG because they will be doing a fair chunk of the work in developing this mine which Marengo state today will cost $1.42 (fixed price) with construction expected to commence end 2013. Marengo expect 70% project funding will be forthcoming then you have the PNG government who can take I think up to 30% of the project which they have to fund. This is a game changer for AZG - maybe the market might wake up from its slumber soon??
Hopefully AZG can secure a couple more projects very soon as well.
AZG Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
