Costs monthly of $4.5m on going Current plant yield 80% 3,500oz x$1333 = $4.65m If the extra 500oz x $1333= $.65M Current gold price at time of writing $90 higher = $.36M $1m /m for the next 2 months as stated. If they ever see the $5m from Younami,which i am sure they will this time around,then they will have the $6m they originally tried to get with the last funding failure without the dilution it promised. Add 5% to the yield if plant maintenance is caught up,it is another 200oz production and $266k to $290k each month. Add some outside ore, such as that million tons worth of tailings sitting there by the plant that they successfully trialed processing and they are just 6 months behind Mr Ushy’s original plan delayed thru lack of funds..
Last Wimper ??????? or crawling out of the cesspit.
Then again lets up the gold price by another $50-$100 over the next week or so and what does that make AXM worth????
Todays rise was $A40 on my screen. These NEW directors aren't here just for their piffling fees that's for sure.
AXM Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
