yeah but they have hits up to 148g/t and from what i see the gold is very concentrated and nuggety and easy to extract.
just reading a broker report and they state that there is 120k ounces at 5.5g/t however in that there is 70k ounce underground resource is 18.8g/t, that makes a BIG difference.
AXM ore is mainly refractory and requires the biox process. That add's $$.
look in all seriousness its quite possible that AXM may get costs down to $500 however imo that a long term stance.
regards Davo
AXM Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held
