AZY
While it is very obvious, few people want in on AZY. If you look at its tenements and who wants to have a bite of its cherry, none are small mining companies!
I first bought AZY 17 months ago, it soon turned out to be a non-entity. And then became a significant loss in Jan 2020. But I continued to buy as its price improved to around what it was when I first bought.
But in the last 4 weeks, people are starting to notice... and suddenly I am up 80%. Faith and logic do have a place in longer term investment.
posted by Club Mulgoa @ 2:38 AM
1 Comments:
This is a most brilliant miner. Others are paying for the exploration expenses and it just gives chunks of the company to them... while retaining a sizeable portion of the tenement, some still 100% owned.
The biggest risk in the early life of a miner is exploration cost. And then it is the cost of making the mine production. Looks like both will be mostly be paid for by the bigger miners who want in on the action in Paterson province in WA.
After about 18 months of investment, including recent top-ups, it has increased by >80%.
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