like hiscock investment basically a no-brainer really
For AXM I am just waiting for the actual production results to catch up with the higher volumes mined,hauled to the surface,and higher ore volume and grade thru the plant at a higher yield.
Oh yes and with less contractors onsite and with power generated by gas and not diesel,for a coupla hundred thousand less $ cost per month,plus a few other improvements to remove costs as indicated.
If i've missed anything,it'll only be an added bonus.
DYOR-its fun and enlightening.Just like FML getting CRE for its accummulated tax loss(Approx $225m at a guess which will probably get used up over the next 2yrs by FML) value of $70m(paid for by the issue of cash freeing up shares) and getting the tenements 3x fmls size and existing capital invested on development to date for nix plus 100k oz production.
AXM at $36m market cap are we next? Are we TOO CHEAP and eyed as on the auction block too,considering we've actually got a processing plant that works(unlike CRE relying on toll treating),with spare capacity,needing more feed and a few losses stacked up to boot.For twice what we've just sold a tenement for $15.5m,you get a running plant,mine and 80koz+/yr NOW,not in 2yrs time.mmmmmmm Gold price where it is-somethings gonna give.
Consolodation is in the air-can't you smell it?
Who bought that tenement?????or maybe FML in a couple of months once CRE's been consolidated?
AXM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
