AXM 0.00% 1.1¢ apex minerals nl

sorry to rain on your parade shadbar, but developed stock...

  1. 86 Posts.
    sorry to rain on your parade shadbar, but developed stock inventory (ie contained oz) doesn't mean anything in respects to current cashflow. Developed tonnes aren't actual 'mined tonnes' paying for the mine.

    it's good they've got the developed stocks, shows that there is a short term supply of ore. But until they've processed it and got gold bars out the other end, well...

    I'd also guess your calc of 54koz is out - the 200kt figure you quote would be inclusive of Dec's 125kt hence a rise of 8000 oz.

    anyway. 31000 * 76% recovery is 23560oz @ $1200 = $28+ mil.
    so potential is there, yes. getting enough out of the ground to make a buck...?? your call
 
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.