Ann: Trading Halt, page-53

If you think AXM were the best operators on the planet, good for you.
If we all looked behind on every investment theory as yours, Apple and Boeing would be dead.
If you look at successful Gold mining companies recently, most have all gone back to historical mining sites/areas to start exploration.
Where is the Greenfield you have seen over 5 mill oz. Blue sky.
A historical mining site has exploded financially and is history. There can many reasons.
NST, EVN and Kirkland Lake have all taken advantage of this.
It is complex.
I remember when Newcrest went from $20 to $1 because they (Gravity investors) thought there new mine in NSW was too complex.