Hi M2M,AXM needs to increase its reserve base to five times...

Hi M2M,

AXM needs to increase its reserve base to five times forecast production then 10x eventually. They've a lot of dough set aside for exploration so hopefully this happens sooner rather than later. Provided they demonstrate the ability to replace then consistently increase net reserves over the next 2-3 yrs, the share price will do very well. Management clearly understands this point so I continue to hold despite the damage it inflicted to my portfolio in 08.

Rowingboat.