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 Mar 12, 2012 7:27pm

349 Views

Post# 19659753

RE: RE: RE: RE: valuation check

The other problem wth you calculations is that gold is now $1700/oz not $1100!

Based on that 160,000 X $1263/oz = $202,080,000 or $2.50/share. Obviously there are additional costs no included in the $437/oz cost. But even if we ended up with $2.00/share profit...

I'm not an expert at valuing junior gold producers but it looks like the opportunity for the share price to break $10, even with furthur dilution, is pretty good.

I would welcome someone's else's analysis as per what this company would be worth if it were producing 160000 oz per year with current gold prices and the same reserves (which will also hopefully rise as they explore the area more).

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