As Davo pointed out previously, there is a very interesting thread titled 'Valuing gold juniors' started by Richard Possum. Troyus posted a table he generated that is a comparison of gold juniors. There are plenty of disclaimers (Comparisons are not that easy.) with the table and many factors it does not take into account but it does provide a starting point for identifying interesting gold juniors to research further.
AXM is in the table. Looking at the quoted resources, the market cap etc and comparing against other producers, AXM continue to look like they are good value IMO.
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