Hi jesimore,
I think I used the term 'junior producer'. I used it as they need runs on the board and have not yet been able to indicate actual production costs others have referred to.
You're right that junior would not apply to the volume of gold they are/will be producing.
If they keep improving each month and are cashflow positive, the outlook should be very positive for the AXM SP for many of the reasons you state.
I am very optimistic longer term (another couple quarters) but a little less confident about what the results will be for this quarterly given the (unsubstantiated) rumours from other posters regarding ongoing production problems and previously reported difficulties.
So far, AXM have delivered what they have said but a little later than original plans. They are not alone there.
Looking at it optimistically, if this quarterly report is not a disaster, the SP should perform well. If the report is a good one, then hang on ...
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