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

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Comment by kegastonon Jan 23, 2012 8:12am

319 Views

Post# 19434769

RE: AXM Gold Comparison Table Now Available

From the article i found this very interesting quote:

"For the most part, valuations this month are a mixed bag. The overall valuation per ounce in December was $56 and we are reporting $60 this month – but keeping in mind we added 16 more companies. A large majority still trade in the $20 to $40 range."

In table one we see that Axmin is quote at an Overall valuation per ounce at $8.06 when the stock trades at
$ 0.05

Therefore, Axm fare market value just trading in the $ 20 to $ 40 range should be between $ 0.12 to
$ 0.25, while if the stock just trades at the average of $60 price, AXM share price should be
$ 0.37

My conclusion from all of that AXM is what undervalue and no brainer quick double fast when market sentiment improves... And that should also be arriving soon....

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