Before we get too imaginable again on Arizona Metals (AZMCF, AMC) by envisioning money coming down from the Heavens onto their Kay Deposit, we have at least witnessed a tide turning in its favor again.
This past Wednesday I said the following:
We then saw a nice bounce later that day, the share price hold its own for a change on Thursday with U.S. market closed, and then Friday, we saw huge volume and a sharp rise in the share price up to key resistance in the $2 Cdn. area.
We know both the CEO and the Head of Exploration, spoke highly of this discovery hole recently and they would never be accused of being “promoters”, so I have eagerly awaited the follow-up drill results.
“We have long anticipated the expansion potential of the Kay project, and this drill hole shows that the upside at Kay is substantial,” Duncan Middlemiss, Arizona Metals president and CEO said in a release, adding that two out of three rigs at Kay are drilling into the Kay 2 zone. “We expect the newly discovered Kay2 zone to contribute to the upcoming mineral resource estimate for the Kay deposit.” The Mining Review
Knowing drill results were due, and that there’s a huge mining conference in Toronto on Tuesday and Wednesday that the company is at, I’m hoping 1 + 1 = 2!!!
Please note – Arizona Metals is my largest personal holding.
