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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
Comment by Thedondomon Mar 23, 2020 10:29am
73 Views
Post# 30837159

RE:EDV Acquires SMF - Good For African Gold Plays Like AXM

RE:EDV Acquires SMF - Good For African Gold Plays Like AXMSo just for comparable metrics. SMF has 3.3 million ounces indicated with an average grade of 2.08g/t, as per their website and that was purchased for $1 billion USD. AXM has 60% of that with 2 million ounces indicated with an average grade of 2g/t. Therefore the asset in production is worth $600 million USD roughly. Heck give us 30% of that and I'm happy. But it's going to happen because we got the Chinese government through Au Metals backing us up. SOE connections have been mentioned for a year now between workers hired and what was said in several news releases. Chinese aren't hostile, they will pay, especially when dealing with other chinese companies and groups. CAR is almost fully secured, with some spots in the far north. But that won't stop us now and neither will Coronavirus because the Central African Republic only has 4.5 million people, spanning across an area the size of France or Texas.
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