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.
AXM Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held