It appears a couple things are lined in AXM's favor now. Gas gensets and several measures lowering production costs, tonnes mined and grades looking good, resulting in cash op costs of around 850/oz which is a *massive* improvement over March quarter's 1480. And it was about time, wasn't it?
One more disaster and the company could be wiped out. On the other side there is tremendous upside potential should CC and his team indeed have turned this ship around. As always, time will tell.
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