share price going down, page-7

hmmm, thanks for your opinion raw.

I guess you are right to a degree, that the SP will either appreciate and they make their cash cost projections and annual production targets of 140,000 ounces or they don't and the company goes bust.

I think I made conserative estimates on cash costs. I guess that I was trying to show that the current share price, is unrealistic.

I actually think that projecting at current gold price of $1,128 USD/ounce is still a bit crazy.

Also why would I use a cash cost of $700? when AXM has never made a projected target so far?