AXM 0.00% 1.1¢ apex minerals nl

production on target now, page-14

  1. 7,675 Posts.
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    8300 Oz was the gold poured in March, gold poured for entire Qtr = 17000 Oz + April production = 27,000 Oz Gold poured
    I figure that to be approx $30-35M worth of gold production the sale of which did not impact b4 end of March Qtr

    As best i can tell they have Ore to be milled (ROM & u/g development ore) of 366kt @ 4.5g/t = 53k Oz Gold
    approx 5 months worth of feed @ 10k Oz pm

    Underground mine production as of March and April is at initial targeted level.

    Essentially the company has met its targeted objectives, albeit 2-3 months behind schedule. Essentially this means management have done their homework and done the sums, they have set realistic targets and achieved. At 120k Oz pa and targeting 150k Oz this is a big operation and lets face it a risky industry with huge rewards for those that can get it right. There have been hiccups but after short delays we are now seeing production optimising and stabilising at targeted rates.

    AXM management have the credentials IMO
 
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