Gold junior with PE under 3 Axmin Inc (AXM.V/AXMIF) - Currently trading for PE of under 3:
-From the 2016 Q1 report: Royalty income in the amount of $457,259 has been recognized in the three months ended March 31, 2016. Over 4 quarters this works out to $1.8 million or .013 cents per share. This income is from Teranga Gold's Gora gold mine and is expected to continue for several more years:
https://web.tmxmoney.com/article.php?newsid=82540801&qm_symbol=AXM
-market cap is currently under C$5 million and this use to be over $100 million in the past:
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=AXM&x=60&y=17&time=13&startdate=1%2F4%2F1999&enddate=7%2F23%2F2016&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8
-Only 130 million shares million shares outstanding with 63% held by 3 insiders:
https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=AXM-V&country=CA
The 2 biggest shareholders are Chinese and my thinking is that they are looking to sell the project to a Chinese SOE.
-There are no plans for further share dilution until they are ready to resume work on their flagship Passendro gold project, thanks to the over $1 million/yr royalty income stream. Passendro is a 200,000 oz per year gold mine with a Bankable Feasibility Study already completed. It is currently on hold until they can negotiate a license extension with the Central African Republic (CAR). This is only a matter of time since the CAR just completed what was widely acknowledged to be a fair election for a new president a few months back. Millions of low cost open pit gold oz in the ground must be worth something even in the CAR, with the price of gold headed back to $2000.
-John Embry of Sprott use to like Axmin a lot in the past:
https://www.stockchase.com/company/view/116/0/Axmin-Inc/AXM-X