I am no expert but it seems unreasonable to me to give costs at this stage since a huge chunk of expenditure went into getting the plant up and running and stockpiling ore
It should be a lot cheaper from now on (they said as much in the report) so any figure at this stage would be missleading guesswork.
Whats the point of approximations, we all want a steady and as accurate a figure as possible, probably later this year.
All the production costs (etc) up to date seem to have been met by the cap raising with a few Mill left over.
There was no mention of income so pressumably we have some 28,000 oz in stock for sale worth over $30Mil.
Thats like cash in the bank , unless I have seriously missunderstood the qtrly.
For now the price is still above $1200per oz , surely we must be profitable going forward.
I guess its wait and see what they say in the update.
- Forums
- ASX - By Stock
- AXM
- production on target now
production on target now, page-35
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AXM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online