Compare Value of AXM to ERAXMIN recently reported the results of a revalidated feasibility study. A measured and indicated resource was reported of 31.5 Mt grading 2.0 g/t Au
(2.02 million ounces of contained gold) and inferred resources of 21.6 Mt grading 1.6 g/t Au (1.1 million ounces of contained gold). These resources include a total proven and probable reserve of 23.5 Mt of ore at an average grade of 1.9 g/t Au containing 1,446,175 ounces of gold.The project is permitted and Axmin is seeking debt financing for the project.
They plan on developing a 200,000 oz per year open pit gold mine in the Central African Republic (CAR). The CARis so hungry for this kind of mining investment that it is giving Axmin a 5 year tax holiday.
I think axm.v is the mostundervalued soon to be intermediate gold producer around.
April 15, 2011 ....AXMIN
Expects to see a Significant Return for their shareholders over a very short period of time:
200,000 ounces per Annum Production over a 8.5 year Mine life.
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https://www.youtube.com/watch?v=zWFeDgqQZAM
AXM has been lining up their ducks in a row for the past few months now. Passendro is fully permitted to begin mine construction.They are currently seeking to secure DEBT facilities. AXM is trading at a huge huge discount.
Heavy Stakeholders Involved (30% ownership.)
https://www.addax-oryx.com/uk/index.html
These Guys build companies from mining to petroleum and sell them off for billions! AXM will be th same for these guys....Known to take company after company from nothing (Pennies) to Billion dollar market caps on several occasions...they own a whack of AXM and are the key Backers...
AOG management took down the last PP and are serious about getting AXM into mid-tier producing territory..... no way we should be a .13 cent stock for what we have..buy it all now cuz we will be Multiples of the current SP by summer.
They are on the cusp of being the next gold producer and all the ducks are being lined up:
1. Addax Group as Insiders
2. Foreign Government on board as shareholders (
.30 Warrants)
3. Proven resource in the ground so no need to drill hoping to find gold.(Multi Million oz's) M&I
4. Gold prices heading Much higher
