AXM Gold Prod Costs Are Sub $500, Gold Price Doesn't MatterSome people are worried about the gold price pullback. AXM's 43-101 is based on $1,100 gold with an NPV of around $500 million USD and production costs of around $480 an ounce. Keep in mind that these are old outdated numbers from the original Axmin team, which isn't nearly as efficient as the Chinese. So if you gotta invest in a gold play, the lowest cost producer is the most ideal. China is opening up again for business, you can see the articles from last week about this. So you can bet that things with Au Metals is getting setup right now as the rest of the world collapses. The US dollar won't hold and will pull back shortly. When that happens, gold price will run back to $2k. But if you convert $1,500 gold at a USD/CDN exchange rate of 1.40(current rate) it's basically just as good. Any company dealing in US dollars is also going to benefit.