4Fund ...You answered your own question "please tell me if my logic is stupid?" with the last sentence of your post "They have to get cash costs down to thier projected $700/ounce and production at 140,000 ounce p.a." we are all in this stock with the belief that this mob would (are?) able to boost supply to the mill and get the $cost/ounce down to a respectable(but even then way less than optimal)level. Therefore the requirement for continual (and optimistic) updates/announcements from the management team are crucial. This was never going to be a record breaking stock but has (had?) the fundamentals in place to take advantage of the present gold price .... which may not last as long as a lotta' people are forecasting.
AXM Price at posting:
3.0¢ Sentiment: None Disclosure: Held
