AXM 0.00% 1.1¢ apex minerals nl

Reading from Apex Market Update 21/5/10."Golden Age extension...

  1. 61 Posts.
    Reading from Apex Market Update 21/5/10.
    "Golden Age extension proven to be economic"
    {Development ore from this area has yielded excellent reconciliation of tonnes and grade with both being above the original study resulting in 60% more gold being mined. Processing of the development ore has confirmed high metallurgical recoveries{~90%}.}
    The price of AU gold last 3 months has gone from approx $1200 to $1400 possibly giving Apex healthy margins.
    In my opinion if the trends in Gold price and increased development at Wiluna are maintained then the possibilities for a increased SP are there.
    Gidgee and Youanmi are also possible opportunities for Apex.
    As Always do your own research.
 
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