Yep thats all correct. AZX was a lot higher a couple of years ago during the 1st phase of the commodities boom as they worked to develop their Molybdenum project which is very high grade but complex metalurgy.
GFC helped put pay to that for the time being, but this and their TIN project could add signifcant value further down the track.
GGG has a good following in London and has received much attention there on the back of the Westhouse report. But AZX remains the cheaper option with more upside.
AZX Price at posting:
47.4¢ Sentiment: LT Buy Disclosure: Held