AXMIN Inc V.AXM

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc

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Post by MiningMasterAuon Sep 23, 2019 11:54am

125 Views

Post# 30154989

BGM Bought By OSK. Same Resource Size As AXM's Passendro

BGM got bought out for $338 million today (pre production) and the asset is roughly the same size as AXM. Now you can say Canada is safer than CAR, sure. But the cost of production is around $800 per ounce for BGM Vs half of that for AXM. As well, have fun dealing with the horrendous BC government politics (Look at AME, big mine stopped a few years ago in Kamloops) and then have fun dealing wtih more expensive labour, equipment, etc.

I would take that amount for AXM right now, but if production comes online, would want way more.

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