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 sgandzaon Jan 26, 2012 1:52pm

279 Views

Post# 19453357

RE: Great News... Debt Financing

This should be great news and get the stock moving? That is almost all of the debt financing needed. But still nothing really.

I have a question for someone who knows more about this thing than I do - What would be an appropriate value for this stock if the mine were in production and they had 200 mil in debt. (assuming gold still at current valuation).

If we were to assume 500,000,000 - and that shares are diluted in half between now and then, this stock should be worth (in today's terms) about 40 cents. 7 times their current value in 24 months?

Any further info would be great.

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