no hedging no debt - give axm a break!, page-7

NST is not up 700%-Takes it down to below 8c

certainly not what i paid for them about a year ago.
Their cash cost will now be higher,given the old figures were on pre-defined ore,prior to purchase,now they have to include their own exploration and development.(those fancy royalty figures as part of the purchase price give some indication ,if you split the difference.

Great company,great management,great future,great cashflow,but i'm no longer a shareholder.
Their newly aquired tenement that they got for next to nix however is REFRACTORY and unless they're sending it here,for processing,will require BIOX or BIAX treatment plant for an 84% av yield.No doubt they hope to find some non refractory lying about to add to mill feed.Unfortunately the resources they currently quote there aren't suiteable for their existing plant.

Now that's a thought-How far away are they?-just joking

DYOR