AXT argo exploration limited
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pantheon / axt valuations

  1. baukaw
    3,931 Posts.
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    21/09/12
    10:56
    Post #: 10751931

    AXT has 7m PANR shares

    today worth $1.8m + $400k cash = $2.2m liquid assets

    About 2.3c cash per share backing

    Pantheon will be hoping to drilling ~ 17 Woodbine Wells

    Each well worth to Pantheon $50 - $100m to Pantheon

    Take low result of $50m x 17 wells = $850m

    Pantheon Currenlty worth $25m

    upside is significant

    AXT could move very hard here
    AXT Price at posting: 2.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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