AX8 accelerate resources limited
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Ann: New Licence Applications at the Mt Read Project, page-4

  1. Wise_One
    19,215 Posts.
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    17/04/18
    11:08
    Post #: 32499773
    Wow... I'm not going to bite on that one - it's getting a little out of hand.

    Circling back to the project & company...

    They started drilling their Cobalt prospect on 6-April & today announce that they're picking up 3 additional EL's in the surrounding area... make of that what you will.

    It's tightly held, small number SOI, solid cash levels (around 4m) & trading at a very cheap (IMO) EV of sub 5m.

    I'm in for a punt as the Cobalt specs look solid & any hint of the historical replication should see a healthy re-rate

    The below screenshot is from the Investor Presentation released 20-Feb for the newcomers.

    upload_2018-4-17_11-7-51.png
    AX8 Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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