AXM 0.00% 1.1¢ apex minerals nl

cheer squad, page-62

  1. 1,844 Posts.
    hi gents,

    As to the current round of funding.How much will it cost for enough equipment and competent personnell to get twice the amount of ore out of Wiluna,for a couple of months,to make it a profitable operation again,with real miners in control directing things and no financial guppies sucking out the cashflow?

    That's the real question,the electrical synchronisation should be in the order of $100-$300k at a guess and take a month at the most.It may already be happening as we speak.That's just the difference in salaries beeetween M.A. and the new man onsite spent on the site.

    yes,yes yes,funding,it's all been done before,but the last time was for financial plays for the same old team and to pay out the GUP guys i suppose.This time is for a NEW crew and make or break for those out to justify their reputations.Fail here and they are hasbeens simple as that.

    How long for twice the old axm's monthly ore production to turn into positive cashflow?

    Younami's not for sale now either.No doubt at the new teams insistence for some more upside.

    Will they succeed? My 0.2c says they just might.They have every reason and a real need to.So do existing shareholders need them to.

    Either that or they join the pile of old big mining company hasbeens running around searching for overlooked tenements with geo's and dreaming of a big break.This is theirs.

    DYOR+DYODD
 
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