historic mines, page-4

well said A,
AXM is a solid play imo, management have gone to great lengths to sure up resource before production, MON went too top heavy with Davyhurst and the gold simply wasn't there. they were losing $1mil per month.

I'd rather suffer short term and see AXM drop back to 60c on no news while we wait for the real deal. No fudged or stretched figures here. imo once we start producing the SP should jump pretty quickly because all the boxes will have been ticked for a 5 or 10 year mine life straight up. Then we will be able to move forward with even further exploration and aquisition potential.

Sidenote: CRS (which creasy now controlls) was the former owner of Davyhurst, i doubt they are interested in the mine but could see a pick up of some plant etc (under CRS that is not AXM).


So for now we see price of gold has dropped back a little and a few player are starting to sink, VRE has already gone, MON is shaky, there are others also.
I was a little worried before that with all these gold plays supposedly ramping up there might be a flood on to the market near term. seems that may not be the case any more and not that its good for other companies shareholders and i don't like seeing people lose $ but with a few of these players out of the running the market is getting smaller.
imo that puts AXM and other solid gold plays in a better overall position.