i think 35c is very conservative.presuming this is the final...

i think 35c is very conservative.

presuming this is the final capital raising, presuming we are on track, presuming we have costs under control, and presuming we recieve news post-rights issue that confirms as much then i would expect to see recent highs of 47c min.

but then again i too am bullish on gold, and from these levels, bullish on AXM


regards
Davo