initial substantial shareholder notice, page-12

G'day tiger,
i am a long term holder of AXM. from todays prices my short term target is above 40c, close to 50 if we are lucky.

mid term say 2 years time i'd be expecting it to hold above 60c and as high as $1 if we are lucky

longer term i am looking at $2 plus.

As for the losses, well yes thats simple to explain. firstly current management have only been in place something like 2 years. before that it wasn't even a gold play. secondly we are an explorer so even in the recent years you wouldn't expect a profit. The fact that AXM have been able to raise something like 100mil without turning a profit speaks for itself.

All go from first pour onwards imo

cheers and good luck with your investment
Davo