17,500 ounces @ cost $1150 and this is a conservative figure
Assuming it is sold on average at a price of $1500 per ounce, again a conservative figure considering gold prices, should leave Apex with $6,125,000 for expenses such as admin, development etc etc, and as these expenses should not be that high, should start seeing some positive flow from this company.
I have looked at the past quarterly, looked at the data provided and made these assumptions based on that.
My assumptions I do believe are VERY CONSERVATIVE
Have a nice one and GO THE ALL BLACKS :)
AXM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
