AXM 0.00% 1.1¢ apex minerals nl

Suchislife. True Apex never bought the tenements around WIluna,...

  1. mm3
    478 Posts.
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    Suchislife. True Apex never bought the tenements around WIluna, why not??

    1) high environmental liability on the WIluna Sth pits
    2) huge expenditure committment on a number of mature mining leases
    3) less prospective than the core WIluna tenements
    4) there hasn't been an Oz Minerals geologist do any meaningful work (drilling) up there for at least 2 years
    5) 3 or 4 times Oz came knocking to sell the rest of the package.

    The final deal was soooooo cheap you could have bought it but why take on more exploration ground (as APex) when you don't have any money to spend on your own tenements anyway!

    Oz do not want to be there.

    How do I know all this??

    I was there.

    My fact are solid.
 
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