Hi Davo...
I agree....
(posted this at 12.04....on the other AXM thread.)
"120k oz per annum as targetted....excellent!
margin is around $600 per ounce target.
cashflow should be in region of 72M.
Aiming to expand to 200k ounces pa then we will really be flying....especially when the 75k oz hedged are gone.
In short, currently trading at p/E of 2, and aiming for P/E of 1.
What's not to like?"
What does the market need to get excited about a Gold producer....a P/E of 1??
should be flying.....what will AXM be worth when they get to 200k oz per annum and no hedging and with gold at $AUD 2000 in a year??
Those figures would generate $300M profit from a company now valued at $120M....
....future looks good.
would like cash costs confirmed if anyone was at AGM today.
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