200+ people turned up to hear Dominic speak at a jam packed Sydney Mining Club and I have to say that Dom hit the ball out of the park. His presentation, his commentary, and his answers to questions were excellent. The speech reinforces my view that AZH will be a $2-$3 stock over time- current share price levels will be seen as a bargain in 6 months time.
A couple of punchlines:
"Aiming for long-term reserves of 3m oz and a resource of 6m oz, with a long-term production target of 250k-300k oz p.a.".
"Process data from the aeromag is due within 4-6 wks. 240km of strike length of prospective structures has already been uncovered (!!!!!!!). East Omai is the 'potential elephant in the closet'".
"Have identified a 120 metre by 70 metre granitoid. Could be the next Kalgoorlie or nothing...."
"250,000 meters to be drilled in 2012".
"JORC and TSX listing due to be complete by March".
"Very confident of 0.5m oz at 2-2.5g from Hicks". (No mention of Smarts but I'm guessing up to 1m oz at 3-4g).
"Kaburi results due within the next 2 wks".
Shareholders should feel very good about AZH.
AZH Price at posting:
72.0¢ Sentiment: LT Buy Disclosure: Held
