forget the emotion, is wiluna worth $100m?, page-9

I suspect that AXM is worth far less than 2cps. Perhaps merely the discounted value of plant and machinery, office furniture etc.

Simple fact is that they have yet to prove that they can generate cash. The only successful mining is that they have done on shareholders funds. Management is, to put it mildly, lacking.

Gold at above about AUD 1,500 for a sustained period may save then, although there seeming inability to produce oz even puts that in doubt

A drop on the gold price to under AUD900 poz will expedite putting this thing out of its misery.