Cash operating costs were reported as just over $1000 per ounce in the past quarterly. Apex should be able to make a profit with POG upwards of about 1300 US$ unless something goes horribly on the production side. The current spot price is $1600 US.
Short term dips in the POG are likely. A sustained drop would be a problem for most low cap goldies, but if you're invested in gold equities (like me) you presumably think that's unlikely.
AXM Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
