Remember these figures are for 6 months up to 31/12/09. Two and a half months on and if the statements on improvement in production ring true this company has turned the corner. With free milling gold from Golden Age soon available the recoveries will certainly improve above the pitiful 76%. Do the maths. Even with consistant tonnes through the plant the Golden Age ore with expected recovery of more than 90% will make the Wiluna Mine profitable. It is not guaranteed, as much could still go wrong however I am prepared to stick this out and will top up a little at these prices. Any new investors are strongly advised to do a thorough research in this stock as many risks exist. DYOR
AXM Price at posting:
2.5¢ Sentiment: ST Buy Disclosure: Held