invest in axm?, page-10

Don't trust any of the ramping on hot copper. If the company goes broke the shareholders are unsecured creditors and you are last in line when it comes to pay outs. Normally it ends up being a 100% capital write off.

AXM has 5.5 billion shares for a market cap of $44m. Its a long way back for anyone hoping to get their money back who bought at more then 3c a year ago let alone 30c 2-3 years ago. Lets pretend they had the same management as SLR, and were cash flow positive, and were able to pay their bills and were on target for 200,000 oz production in 2 years etc etc. Then their market cap might get above $300m with a share price of 5-6c. Its not going to happen.