Hi Folks,some may think that my prediction is way off beam, but...

Hi Folks,

some may think that my prediction is way off beam, but when one looks back to March 2009 and then October 2009 the following becomes apparent;

The company had an expectation in March '09 that they would produce 120,000oz pa and had enough resource at that time to ensure their minerals processing plant would be full for at least four years, AND believes significant potential exists to extend this.

In October 2009 the company was claiming to be 'debt free' (excluding finance leasing). This finance leasing, I guess, was the GUP's that were paid out in Feb 2011. The Company asserted that their focus up until now has been and continues to be the ramp up of production to 140,000oz pa.

Last Quarter production was low and in the last financial year AXM produced a measly 68,000oz.

My point is...having read the above one could agree that a quarter gold production figure of 22k is not out of the question.


DYOR

Alt Out!