For the new comers,Let's make sure you know that AXM is going to...

For the new comers,

Let's make sure you know that AXM is going to make a loss, possibly a BIG loss for 2008/2009 financial year no matter what! If you can¡¯t accept this fact then you better sell now. There are better chances elsewhere. If you do accept this fact then stay on and look into the future of AXM.

Yes, cost is really important in a business environment. However, when we consider the cost issues we need to analyse whether the issues are temporary or permanent. We are yet to find this out. Let¡¯s wait and see.

As a business, we also need to consider the price trend of the products that we make. For AXM, the price of gold is king. If you don¡¯t believe POG will rise for the long run then you should stay away from any golddy as the costs will eventually catch up with POG because of CPI index factor. So for the long run, low costs producers will all go belly up. But wait, do you believe that?

I do, however, believe that the cost issues are temporary and POG will go up up and up. I also believe that with more drillings and therefore AXM will have a more defined resource base by which time we will have a clear picture of what¡¯s going on. But for now, I am patiently waiting. LOL¡­

Regards,
TT