AXM apex minerals nl
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great stuff, good to be assured we are on track. very rough...

  1. davo77
    4,326 Posts.
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    05/03/09
    13:44
    Post #: 4869548
    great stuff, good to be assured we are on track.

    very rough calculations of 120k oz @ $1100 = 132mil turnover, allowing 600 for costs give a profit around 60mil.. with 446million shares on issue would have a P/E of around 2 ???

    anyone agree/disagree with this? if so its way undervalued imo and expecting a jump up to the next level once brokers run the numbers and are content with steady cashflow.
    AXM Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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