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Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.


TSXV:AZM - Post by User

Bullboard Posts
Comment by Ratso07on Sep 24, 2020 4:38pm
188 Views
Post# 31613731

RE:RE:RE:What is going on with AZM ?

RE:RE:RE:What is going on with AZM ?Regarding your statement " ....  the stock could easily hit 3 or much higher in case next results are what we expect" ...  you must remember that the stock gapped up from 50 cents to $1.50 when the first set of results were released in January. It then pulled back to the $1.00 area when drilling was delayed due to Covid-19 and the goose hunt restriction before resuming its uptrend. It appears that most of the value in the stock was based on the Elmer property which has not delivered so far according to expectations but the final set of results will shed more light on its potential. Fortunately, the company has been able to cash up during this drilling program.The property is relatively remote so I doubt a 1-2 million oz deposit would be economic considering the low grades that have been released so far. There also could be more than one deposit since this is a huge property. There are so many other factors to consider. I have seen many similar situations where only a low grade resource has been outline and the stock continues its downtrend to the initial price before the discovery. This is the chance you take when you invest in junior mining stocks. 
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