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2.5¢ axiom mining limited

Appreciate the insightful and thoughtful response mate. I agree...

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nbards

210 Posts.

31/05/18

20:23

Post #: 33416374
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Originally posted by rusty02 ↑

Hi nbards
All depends on the NPV IRR EBITA from the feasibilities and first 3 qtrly's from production and finally that all important strip ratio. Small seams are bloody hard to cut. Reason I say 3 qtrly's is that this will show cashburn. High cashburn and market will not invest. It generally takes about 2-3 reports for managements to prove themselves under production hitting promised benchmarks along the way as well. These BOD have NO production mining experience.
So its hard to gauge from the information or lack there off, from these BOD as what SS was done is years out of date but the market will easily value 2 years of production if K and SJ are returned with both ML for a LOM of 10 years hence a jump to MC $150 from $50ml or 40cts per share. It was at 50cts in 2016 but we are in a different macro environment market now and SJ just is no ware near World Class thus far. If TA take over watch for the overbought as they will with hype and FOMO.
But that's with ML's in place, feasibilities showing good IRR, NPV's, Strip R and finally facilitate CAPEX with short payback time.
Above is AIMHO.
cheers and GL

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Appreciate the insightful and thoughtful response mate. I agree that a reasonable intial target would be 40-50c. Good luck evryone.

AVQ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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