AXM 0.00% 1.1¢ apex minerals nl

Ann: General Update - Wiluna , page-2

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  1. 23 Posts.
    anyone who sell their shares at current level will regret very soon that they miss once in life time chance of ten-fold their investment.

    share price assessment

    worst:
    axm keep losing money, and be taken over by others.
    with 3 million ounce gold resource,market accepted value is $50*3million=150m, that's equal to sp of 3 cents. it's a very conservative calculation without considering that axm is a gold producer, not a explorer.
    (where$50/ounce come from?, it is current level that average bidders are willing to pay for a takeover of gold explorer.it's also been confirmed by AXM's Gidgee project deal with Panoramic resources in feb. 2011.)
 
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Currently unlisted public company.

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