RE:RE:RE:RE:RE:RE:Valuation of AZM? US$4-US$21!!!!!First, I'm not too sure about using $300/ounce in the calculation. That seems optimistic...I'd personally go more with $150-$200/ounce.
Second, I agree with the few that mention to be careful in 'missing the boat' by trading in and out of this stock. That is a very difficult, stressful strategy when it comes to 'speculation' plays. The opposite is true as well...that is, to buy and hold too long. I've bought and sold some AZM between 2006 and 2008 but then kept a position. Added some throughout the years but mostly in 2018 and readjusted by adding 15,000 more when COVID-19 started affecting N-A markets and livelihoods. I will not dare trade some in order to make a 'quick $1,000' while possibly spending a few more thousand to regain my prior position. I'm trying to make money in stocks...I'm not looking for drama!
Third, I respect that most of the conversation is surrounding the Elmer property and its potential valuation as this is there current drilling program (new investors came in when they saw the results divulged mid-January) but there is so MUCH more to AZM. I never lose sight of this.
I could add more, but the post is already long as it is...I'm not disputing the share price moving from the current $2.96 to $30 at some point in the future. Personally, I believe that we could see $4-$5 in about 2-3 weeks when they start releasing the drill results from Elmer and $8-$10 by year end. We may\should see the drilling results from Pikwa by year end which will help the share price get to my projection. Early next year we should see the results from their drilling programs on Munischiwan and both Rex properties (maybe, I'm hoping, a Fall drilling program back at Elmer!) and all of this, could lead us beyond $20 into...well we'll see!
Let's have fun and enjoy the ride with all the ups and downs but progress on all of AZM properties!
Happy Canada day!