GREY:ADEXF - Post by User
Comment by
VENManon Feb 04, 2012 11:49pm
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Post# 19491400
RE: so much to know
RE: so much to know This is all i need to know; that AXI sits on a 132 million tonne indicated resource. Some $17 billion in the ground. Which means they can shop and promote a potential 5 million tonne per year operation over 26 years to China or any other big wig that wants to spend a billion. Here we sit on the venture exchange with a market cap under $40 million. At this point AXI could learn a little something from the likes of a BLE or ML when they were on the venture exchange, before they had there huge runs. AXI should spin out all non core assets of our company to shareholders forming a new venture exchange company of which we should all get our fair share and then list their flagship property on the TSE. Then promote our flagship asset with promises of a deal with China, production to grow to 10 million tonnes, promiises of lowering the royalty amounts, and aggressive drilling campaign to prove theres way more iron ore is there. With other Iron Ore plays being promoted to near 100% gains the market is ready to here and get behind a good story. AXI needs to make this a simple and easy to understand story for major retail investors to back it up. They have everything they need to make it work. Even if they do a deal with China with out the proper set up and promotion i don,t think we will see near the potential valuations we could see if they played their cards right. Think about it, with the right promotion and listed on the TSX, AXI could tell a story of a potential 5 to 8 million tonne per year iron ore producer at $130 pe tonne every normal investor would be thinking man thats a Billion in sales and when they go into production thats a market cap 3 to 4 Billion. So a run to a market cap of $800 million with $1 billion being planned for production would seem cheap and logical. This is the kind of simple, practical promotion that is needed here to move the stock price way higher. I think they just have to hurry and spin out non core assets and list on the big board. Then tell a great story of the many great great things to come because thats what all the great plays do.
Kind regards