AXM
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0.00% 1.1¢ apex minerals nl

agm presentation, page-14

  1. mm3
    478 Posts.
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    15/12/11
    11:31
    Post #: 9443571
    I'm with LEZOK - Wiluna Sth is simply an environmental liability. Highly unlikely to be in production in time to save Apex if ever.

    The history of Williamson is that the resource (not sure Agincourt ever did a reserve) estimated the grade at about 2.3g/t and the reconciled production grade was under 1.5g/t. Anyone who wants to go mining and get the grade wrong by 70% even at these gold prices will lose money.
    AXM Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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