Far as I can remember the sp was banging around 2c,for months when there was no certainty,with the cash cost and a smaller resource. So I guess that was where the market valued the company at back then. Now with a good reduction to the cash cost and an increased resource,I think the market has revalued the sp and I cant see it coming back in a hurry IMHO. Be interesting to see how the sp handles Friday as gold just took a little hit, Aussie dollar is weaker and has buffered the fall thou,so should be ok.
Just my thoughts,
AXM Price at posting:
2.3¢ Sentiment: ST Buy Disclosure: Held