RE: RE: MJS VS. AXMThey both may be great stocks - but I am biased because of two reasons:
1) Short term production - within 4 months, Majestic should start producing at a rate of 100,000 oz/year. This makes Majestic a better investment over the next two years while AXM works to get into production.
2) China vs. Africa. And you'd take Africa? Instability like crazy and no/ little infrastructure vs. the Chinese region that produces 25% of that countries gold and with abundent infrastructure?
3) Majestic owns 94%, not the 50% that was implied.
Overall, in the time it takes a company to get to production (2 years), there can be a tonne of political instability, dilution, changes of direction, methods, management... timeframe is a little too far out for me.
I'll still with the company that will be producing 100,000 oz starting in April 2011, thanks.
Best wishes though, I'll add it to my watch list...
B