AXM apex minerals nl
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A big sweetener is that AXM own 80% of the prospect.A good...

  1. croupier
    5,447 Posts.
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    08/07/03
    13:28
    Post #: 199761
    A big sweetener is that AXM own 80% of the prospect.A good comparison is MNR Minotaur Resources which had a run in 2001 when drilling in the Gawler Craton which hosts the Olympic Dam deposit.MNR only had 20% of the prospect but ran to $3 valueing it at $350 million.With 38 million shares on issue,AXM having a similar run would get to $9-20.Not bad for a share selling at 14 cents.MNR was thinly traded while drilling as is AXM.Worth watching as there is little downside due to other drilling with Falconbridge.
    AXM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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