I've read quite a few AXT posts about how unbelievably cheap...

I've read quite a few AXT posts about how unbelievably cheap this company is, and how much potential it will have if the drilling is successful,

I thought I'd put some things in perspective for people who are not sure whether the company is cheap or not...

Copper prices are above $8.8 a kg and grades over 0.3 to 0.5% copper are considered economic if they are located near the surface

In the previous AXT drill, the following grades were found

The weighted average of the intercept from 392-399 metres depth was 5.76 metres @ 1.67% copper, 18.5g/t silver, 495g/t cobalt and 2,387g/t zinc.

The copper equivalent at 2008 metal prices was 2.47%

This is significant grade, we just need to confirm where this deposit lies and how big the deposit is, its enought to get Xstrata excited, and enought to make me hold on to my shares for much longer... as some posters have mentioned its a no brainer...

The above is opinion only intended for entertainment purposes. DYOR