ANX's numbers not really so bad: Just read some reviews on some small mining stocks, one of which has been around for over 40 years+.
The review covers a number of gold miners: RIO ALTO MINING LTD. (RIO-x) has been around since I was a youngster and over the years fell on hard times with the collapse in metal prices. Currently at about $3.47/share, it reports that production for the entire 2011 year from its La Arena Gold Mine was 51,398ozs, not really that much for a storied producer like Rio Alto. PC GOLD INC. (PKL-t) at about 28cents/share reports that has produced 126,000 ozs. at a grade of 1.1g/t from its Core Mine Trend, not a very inspiring production total or grade but still the stock trades in and around .30cents. So, where does that put ANX with ever-so-increasing production numbers and ever-so-improving grades in and around 2g/t and trading at .08cents? In my mind, ANX is a steal at current evaluations and having just finished reading the geological report on Pine Cove and the Baie Verte trends, it appears to me that ANX is very well positioned to make money there. Does anyone know who the "STOG'ER TIGHT" gold deposit belongs to or is it part of the Romeo and Juliet showing, which the report seems to infer: "Given the proximity to the Pine Cove gold deposit, as well as the Romeo and Juliet showing and the Stog'er Tight gold deposit, this property represents a prospective target for further and more detailed exploration work for gold". The Pine Cove mine site is also only 6km. from the prolific Ming's Bight Mine site and gold showing, which we know is now in the hands of Rambler who is using their Nugget Pond Mill to process ore from Ming's Bight. In fact, the entire area in and around Pine Cove, is prolific with gold showings. There must be many others still waiting to be found and explored. The actual Baie Verte side of the harbour is also surrounded by gold showings especially in the Fleur de Lys Belt etc.