mining monthly article, page-5

g'day uglystik,

would you care to eleaborate on why you rate AXM as a sell?? is it simply judgement of past owners? is it our management team? is it the gold sector?

i just don't really understand why it is a sell right now at 80c, when it quite easily shoots up to $1 + and is only several months away from production??

i do though, appreciate your comment as fact is previous owners of pretty much all Apex tenements/mines didnt make much cash on the refractory ore which Ashley and his team are now targeting.

Ashley has stated this a few times not least when he ann his vision for Apex, by pulling all these small (well they were small at the time, with drilling we have seen resource explode) deposits together he has implemented a regional srategy and i believe they are correct in saying it will all work under the single owner.

drilling results have exceeded targets and if you add up all costs, those already expended and future needs we are already in the money with resource in ground.

management is sound, i don't think you can faulter their past performance so imo theres nothing to think figures are fudged or skewed to paint a rosier picture.

imo with apex we have facts, certainly no real hype or pump and dump kinda stuff, it hasn't really shot up the next SP level as a few of us HC'ers would like but at the same time she has performed very very well to what it ws 18 months ago and Sp has for the best part held steady in recent market volatility.

its probably a bit above fair price at the moment given we haven't produced yet but on potential i'd say the SP is worth double quite easily.

regards davo.