AXM apex minerals nl
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rb you know the rule of thumbnever touch a high cost miner with...

  1. nk
    3,203 Posts.
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    04/05/09
    22:32
    Post #: 5089689
    rb you know the rule of thumb

    never touch a high cost miner with a hedge book who has hocked the mine to get debt financing

    this has danger written all over it. What if AUS gold drops below $1000 for a few months. Do you knows ALL the terms of the debt facility

    I'd say development costs running at $150 an ounce.


    AXM Price at posting: 19.5¢ Sentiment: Sell Disclosure: Not Held
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