chinesewhispers or any si- axm raising price?, page-6

To me there seems to be a ray of light from the Qtrly.

Dec qtr was not good but nor was it expected to be.

They at least have a plan to increase grade and volume.

If they can return to average production over the last 4 qtrs next qtr they would produce15,400 oz and if the gold price up around current levels then next qtr receipts would increase from $15.3m to $25.7m.

There will obviously be an increase in costs assoc. With this est at an increase in production costs to $15m for next qtr.

I know that this is best case scenario and numbers are rough but to me looks like they can take some solid steps forward next qtr.

Increasing mill capacity in following qtrs with ore from BLK will add further to receipts ...at say $300 oz x projected 7,500 oz this could add a further $2.25m per qtr. Whilst not huge would still be a big help to AXM when cash is tight.

Rgds,

Barry