I bought in yesterday, risk for sure but at a market cap of $50m its worth it
35,000 ounces ready to stope. I work on total cost of $800 an ounce for this ore gives at least $400 ounce margin which keeps it liquid, could be $600 margin if grade is good
risk of administration is always present, I will take that risk now given the upside.
My trading history with AXM has been
buy 21 sell 20.5
buy 2.5 sell 2.5
Thats a tight stop!
AXM Price at posting:
1.5¢ Sentiment: None Disclosure: Held
