Just So We're Clear on What Your Buying in AXU
Price goes up 200% from here in the first 6 months of true produciton (Minimum). Then Lets not forget they left 66% of the Reserves out of the Mine plan #'s for this current operation. Don't assume that produciton drop off in year 4-5-6 ststed in their presentation is a factual number...
And let's not forget they still hold / kept the Reclamation Rights to the $100 million backlog of reclamation work needed in the yukon that they were awarded by the gov. when they took over Keno hill, cause they got $100 million backlog of work to do now. Starts next Spring... Just cause they sold of the reclamation business, doesn't mean they don't benefit for years to come with it financially. As their partner to fufill their duties with the Yukon Gov.
And let's not forget that they just recentely just got awared the rights to the Mt. Nanasen Gold Mine.
Once they reclamate it, which will take 5- 8 years they then can mine it just like they with they did with the Keno Hill project or sell it for that matter. Do the math.. look how much gold was left behind there from the 1980's when it was abandoned by the previous owner and taken over by the state. (100's of Thousands of onces) What will an ounce of gold be worth in 6 years?
And I don't give a hoot about a silver 25% deal with Wheaton. We'll make that back elsewhere. Do some DD. Stop thinking small ball..
Cubswin