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AXMIN Inc V.AXM

Alternate Symbol(s):  AXMIF

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.


TSXV:AXM - Post by User

Bullboard Posts
Post by Thedondomon Mar 16, 2020 9:44am
79 Views
Post# 30812026

AXM Gold Prod Costs Are Sub $500, Gold Price Doesn't Matter

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 Keep in mind that these are old outdated numbers from the original Axmin team, which isn't nearly as efficient as the Chinese.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.
Bullboard Posts