Seeing BLK has about 800koz all close to surface with good grades (will be over 1moz in near term)(and now BLK has a exploration target of up to 2moz on the Williamson mine alone with grades 2g/t to 6g/t),and AXM has an underutilised plant with u/g mining being over 800m in depth.
With the two as a merged entity, the plant would be operating at full capacity and BLK's close to surface good grade gold resource would bring the cash cost down substantially.
Between the two of them they could produce 100koz pa quiet quickly and push it up to a massive amount over the long term with a resource between the two of them potentially up to 10moz.
BLK at $10m market cap and AXM at $24m market cap - a tie up could see a NST type growth story quiet easily in my view.
I'll put one out there on resource and production My guess is - it would be a growth stock with $500m market cap, 100kozpa gold producer (if they get the cash cost down to $800 p/oz)
any thoughts???
AXM Price at posting:
11.7¢ Sentiment: None Disclosure: Not Held