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AXMIN Inc V.AXM.H

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.


TSXV:AXM.H - Post by User

AXMIN Inc
Bullboard Posts
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Post by Cokedrunkon Oct 09, 2010 10:03pm
388 Views
Post# 17549505

Comparing it to Avion Gold Corp.

Comparing it to Avion Gold Corp.Avion Gold Corp is $279M market cap and is producing 80-100k ounce a year and is ramping production to 200k ounce a year by 2012. 

Whereas Axmin is $54M market cap and will be aiming to produce 200k ounce once the mine start. 


Axmin is 1/4 the market cap of Avion and that is severely undervalue in my book.  With the bull market in gold likely to continue for years more.  Raising financing for the mine shouldn't be an issue. 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities