GREY:ALXDF - Post by User
Post by
mystique1on Apr 11, 2018 6:23pm
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Post# 27869832
AZX Valuation
AZX ValuationA number of investors here are throwing around many different values for AZX.
I haven't tried yet to set a price.
The way I look at it, we need the second RE to see how much more our resource has increased.
All of us have been anxiously waiting and hopefully we get the RE very soon.
Now, when we receive the new RE we'll have the updated tonnage/ounces/grades. This will help give a rough estimate on AZX value. At this time I'm sure many will again start guesstimating possible buyout prices.
BUT HANG ON.....there is something else to consider....POTENTIAL PREMIUM.
And are we ever fortunate.......there have been a considerable number drill results not included in the new RE which have done two things.......1)...contributed to increasing the resource of our two main areas. AND 2).....more importantly, from this weeks news 3 NEW GOLD ZONES HAVE BEEN LOCATED WEST OF ORENADA