great to hear about their yield problems from some expert experts,however,i'll follow the quarterly FACTS and the gold coming out the other end.
The last 12 calendar months
yields 83%,85% 87% 88% and can't argue the likely hood of 90% which is what they claim to be chasing.
Plus another 41,000 ton sitting underground with 6,000 oz sitting in it waiting to get to the surface at 31/3 and substantially reduced come the mid-may announcement.Means more trucks and diggers at work-doesn't it?
In case no-one has worked that out,that's one months production awaiting trucks. and 160,000 ton blasted for the quarter.
That's a ramp-up if ever there was one and by 25-30%
Contract trucks and loaders will no doubt become available from that nearby plant that has been mothballed temporarily while environmental issues are resolved.
Oh dear should one listen to the doom and gloom,or just get out ones calculator and work out that if their yields had been at 88% for the last 12 months they would have been 5000 oz higher production and their cash costs 8% lower. with 30% more going thru the plant-even better.It's only running at 50% capacity
wish the position thingy had bought because i've bought my fill.No cash for anymore and am not too interested in where the price goes from here-just the production and that WILL BE UPWARD by the look of it.
AXM Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held