AXM 0.00% 1.1¢ apex minerals nl

cat out of the bag!, page-3

  1. 12,839 Posts.
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    Can't imagine why there would be a takeover????? Who would go to the pet shop and buy the most mongrel dog?

    If Ashley's figures are correct then the price of gold may SAVE Apex. And that fact might be bringing in a few punters.

    By my calcs for every dollar gold goes up, then Apex can take roughly 4 ounces off it's production targets to be cashflow positive. In the last month gold has risen from Au$1220 - $1380. That means that now they need to get ~ 7500 oz / month, versus the previous stated target of ~ 8000.

    A play on Apex now represents an enormous leverage on a continued rise in the gold price.

 
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