Let me draw a picture for you dognuts, because I shouldnt have to set it out for everyone every time I post...
Lets look at SOG and SBM should we...amazingly, less than 2 years after Ed (as a consultant) walked away from SOG, he comes back as the CEO of SBM...purchases the SOG assets for a STEAL, ie: $40 mill...and those assets are now worth what? Given Gwalia alone is producing 100k per annum at a cash cost of about $890...it is churning out some $76 mill profit per annum...and has a mine life of at least 10 years...I dont know...$800 million?
AND, my point is, Ed ALSO helped Jo Gutnick run Great Central Mines when it owned the Wiluna gold operation more than a decade ago...hmm...wonder if he knows where the Gold is?.
Ah Hah...research....amazing isnt it....therefore, will Ed do the same to AXM...and for the slow....will he do an SBM (purchase for $40 mill and "turn" into $800 mill) on AXM (purchase $16 mill...turn into $800 mill??)
Only time will tell.
AXM Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held