The interest in AXT will build. The company has made a series of comments such as;
- "Equivalent rock types to those at Olympic Dam" - AGM presentation - "(assay results) suggest proximity to a major IOCG system" - Ann. 23/10/07 - "data we have acquired over both our EL's serves only to excite and confirm this view (that properties are highly prospective)." - email 13/08/07
Either Dr Herbert is an unprincipled ramper or a well informed and credible Chairman. Given that his CV includes - "Dr Herbert is an economic geologist/geochemist with in-depth experience in mineral exploration, academia, Government service and mineral science consultancy spanning 42 years" - I can only suggest that a big discovery in 2008 is a real possibility.
I will attempt to examine the announcements made prior to the discovery of Olympic Dam and see if there are parallels. Do we have a geologist on the thread to interpret?
AXT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
