Reading from Apex Market Update 21/5/10. "Golden Age extension proven to be economic" {Development ore from this area has yielded excellent reconciliation of tonnes and grade with both being above the original study resulting in 60% more gold being mined. Processing of the development ore has confirmed high metallurgical recoveries{~90%}.} The price of AU gold last 3 months has gone from approx $1200 to $1400 possibly giving Apex healthy margins. In my opinion if the trends in Gold price and increased development at Wiluna are maintained then the possibilities for a increased SP are there. Gidgee and Youanmi are also possible opportunities for Apex. As Always do your own research.
AXM Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
