Our current Market cap, once you factor in the 42.5% dilution to Ibeara is around $19.5m, EV around $17m. Still very cheap given the current gold price, AZM will really move if gold breaks higher IMO. From memory the MC for AZM in 2016 when the gold price was hovering around US $1300 was $25m, that was before the Ibeara partnership and the increase in ore reserves from 624 000 to 1000 000 oz. Go figure!
AZM Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held