3SOF

All,

this is my first stock thread and hope to get lot of applauds from community on success of this stock. ( Very early picks: MEM, FNSR, ARTG, NVAX means: under 1.00 shares) I didnt hold them to realize good return.   But Elite words: Move on for next good ones.

My pick for gold is AZK and also are monthly contest.

See the sheet attached for the various precious metal stocks ratings:

http://www.kitco.com/ind/Matlack/mar202006.html

Its rating was 1.6 and Drooy was 4.2 ( 1 Strong buy and 5 strong sell).

http://www.goldsheetlinks.com/goldsheet.htm

Latest chart:

http://stockcharts.com/h-sc/ui?s=AZK&p=DAILY&b=5&g=0&id=p29606179624


Company Summary: Aurizon Mines, Ltd. operates as a gold mining company with operations, development, and exploration activities in the gold producing Abitibi region of north-western Quebec. It owns a 100% interest in the Casa Berardi property located approximately 95 kilometer north of the town La Sarre in the province of Quebec. The company was incorporated as 343318 B.C., Ltd. in April 1988 and changed its name to Aurizon Mines, Ltd. in August 1988. Aurizon Mines is headquartered in Vancouver, Canada.
The company is involved in gold mining and has an upcoming mine in next quarter which will provide it lot of gold with profitable streak.
Last news:
"Aurizon management are very optimistic that gold prices will continue to rise," said Ian Walton, Aurizon's CFO. "However, it is prudent for us to protect any potential downside in the price of gold from unforeseen market forces. The program that we have implemented provides protection that future operating cash flows are available to service the project debt, should gold prices decline, without giving away the Company's participation in the upside potential for gold and the Project."
Casa Berardi continues to progress on budget, on schedule and to design specification. The production shaft at the West Mine is currently at a depth of 500 metres and the ramp has reached the 690 metre level. On surface, the headframe, hoist room and associated infrastructures are complete, while major components of the mill refurbishing and modifications are in progress. More than 300 people are currently active on site. The project is currently expected to produce 1,092,000 ounces from 4.8 million tonnes of ore over the initial 6.2 year operating plan, based on current mineral reserves. Additional resources comprise 2.7 million tonnes of indicated resources with an average grade of 5.1 grams of gold per tonne and 5.6 million tonnes of inferred resources averaging 6.5 grams of gold per tonne. Drilling activities are on-going with three underground drill rigs and four surface drill rigs currently in operation.
Commercial production at Casa Berardi is expected to commence in the fourth quarter of this year at an average rate of 175,000 ounces of gold per annum. At a gold price of US$550 per ounce, and an exchange rate of 1.15, the project would have an estimated total cash cost of US$240 per ounce, an internal rate of return of 47% and an estimated payback of approximately 2 years.

Closed today 4.15% higher. Lets see how GOLD behaves this week.
Nice white candle after suspension of AZK between 2 and 2.17 for a week. It needs to break the  52 wk high of 2.43 to resume its stride upwards.

- Dhiraj

Institutional ownership increase:

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=AZK

Updated chart today... Should go up more if gold keeps moving.

Added stock consultant analysis for AZK:

http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AZK&7699#ttop

Updated chart. 1% up.

Nice chart

Updated chart. Currently $2.45.

Closed at 2.45 with nice incoming volume. Its around 52 wk high and should move higher further.

Chart enclosed.

Updated AZK chart for today. 

FYI: DEZ ended yesterday at 6.78. ( HATS OFF TO DAVID RANDOLPH FOR IT).

That gave me AZK, same story but with superior gold. Technically chart speaks for itself.

Stock traded all time between 2.55 to 2.45 and closed at 2.45. 2.18 was aberration. I think next leg is up for AZK.

Updated chart:

Gold & Oil stocks are starting to show up in my filter.

----AZK looks ready to a new high, I''ll be buying 2 to 3 stocks next week

wish me luck!!

Breakout now @ $3.06

AZK update: