I like the guys running it , but its just an advanced exploration play. Certainly there is some resource that may be payable, buts it not worth it right now. There was a good article about these guys in Gold Mining Journal and their development approach is realistic.
The focus is the cross cutting structures that it seems havent been explored at depth. Of course as we know even if some large orebody exists on these structures, finding it is another matter.
Still I like their strategy and will keep an eye on things and maybe buy back in but looks very bearish right now.
I still trawl through the wreckage of WA gold miners to see if their is anything to salvage. Quite enjoy it . Cut and run from AXM. AXY isnt a wreck ( yet). Its got class and pedigree for sure and plenty of cash . Could be a winner long term.
AXY Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held
