AXM 0.00% 1.1¢ apex minerals nl

super pit

  1. 2,214 Posts.
    lightbulb Created with Sketch. 8
    http://www.youtube.com/watch?v=y4VIQtJ-oG0&feature=related or check there website.

    Its time MA roll the dice and sell Wilsons (gidgee) and Youanmi and use that money to develop a Super Pit at Wiluna. Looking at the above video's they have alot of pits concentrated in the one area, surely there's gold in between, join them up for one big super pit.

    All they need is 2.5grams a ton and 500,000t a year. The plant can handle 1 million tonnes a year, they are only doing half that at the present.

    2.5g x 500,000t = 1,250,000t / 32g = 39,000oz,s x $1750pog
    $68 Million a year

    I can't see the price of gold going down, its time to maximise the plant, its time for action or its time up!

    Have we got any geologist here, is this a viable option.





 
watchlist Created with Sketch. Add AXM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.