I,ll conclude my contribution here with the following comment.
Please note that the $100mil is projected PROFIT not earnings. Earnings should be somewhere between 150 and 200 mil which you work the PE ratio on ,makes the PE MUCH lower and possibly share price higher.
Like I said future prices are quite subjective with varied oppinions. I have simply reguritated managements predictions based on stock piles, known drilling results and so forth
Obviously I have my sights set very high 2 years from now, there is really nothing more or new that I can contribute here so will take my promissed break .
Happy days AXM'ers
Regards Percy
AXM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held