With current gold price Apex will probably need between 22 to 23 thousand ounces to break even from my calcs. This is certainly a quarter by quarter stock. Seismic events, gas shortages, flooding, broken dowm machinery, plc problems with the power have I missed anything they just can't take a trick.
I know one thing their is no shortage in people and sophisticated investors willing too invest in this baby. I bet MA who is on over $500,000 a year appreciates their generosity as he is the only winner.
AXM Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held